We expect a $537 movement on USDCAD within 48 hours following the release of Inflation Rate YoY at 2024-11-21 23:30. We expect USDCAD to trend downwards 48 hours following the event release at 2024-11-21 23:30 if the released value is = 2.2%. A price movement of 75 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 23:30 |
18 Apr 23:30 |
18 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
