Based on the last 12 Inflation Rate YoY events in Canada, we could see a $230 movement on EURUSD within the next 12 hours. EURUSD could trend downwards for the next 12 hours because the released value is > 2.7%
Historical events that allowed us to draw this conclusion
19 Sep 12:30 |
15 Aug 12:30 |
16 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
