Are you on the right side of the US Core Inflation Rate YoY news event?
Based on the last 12 Core Inflation Rate YoY events in US, we expect USDCAD to trend down later today. Based on these past events there is a 75.0% of this.
We expect USDCAD to trend down 2 hours following the event release at 11 Jan 13:30 if the released value is = 2.2%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
|12 Dec 13:30
|12 Jul 12:30
|11 Apr 12:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)