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We expect USDCAD to trend downwards with a 66.67% chance.

Based on the last 12 Inflation Rate YoY Flash events in Euro Area, we could see a 61 pip movement on USDCAD for the next 12 hours. USDCAD could trend downwards for 12 hours because the released value is = 2.5%

Historical events that allowed us to draw this conclusion

01 Feb 10:00
31 Jul 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect EMD to trend upwards today with a 66.67% chance.

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Important price line being approached by FRA40. This price has been tested numerous times before.

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