Based on the last 12 Inflation Rate YoY events in Canada, we expect USDCAD to trend upwards. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards for 2 hours because the released value is < 2%. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
27 Feb 13:30 |
19 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
