Based on the last 12 Inflation Rate YoY Prel events in Italy, we may expect USDCAD to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is < 1.4%. A price movement of 61 pips may be experienced. Historical events that allowed us to draw this conclusion
01 Mar 10:00 |
01 Feb 10:00 |
05 Jan 10:00 |
30 Nov 10:00 |
31 Jul 09:00 |
31 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
