Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a $646 movement on USDCAD within 12 hours following the event release at 2023-06-21 06:00. We expect USDCAD to trend upwards 12 hours following the event release at 2023-06-21 06:00 if the released value is > 8.4%
Historical events that allowed us to draw this conclusion
24 May 06:00 |
19 Apr 06:00 |
16 Nov 07:00 |
19 Oct 06:00 |
17 Aug 06:00 |
20 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
