Based on the last 12 Inflation Rate YoY events in Canada, we expect ZB to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect ZB to trend upwards for the next 48 hours because the released value is > 3.9%. A price movement of 154 pips is expected.
Historical events that allowed us to draw this conclusion
18 Aug 12:30 |
16 Jun 12:30 |
19 May 12:30 |
16 Dec 13:30 |
18 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
