Based on the last 12 Inflation Rate YoY events in Canada, we expect a 19 pip movement on EURUSD within 12 hours following the event release at 21 Apr 22:30 GMT+10. We expect EURUSD to trend downwards 12 hours following the event release at 21 Apr 22:30 GMT+10 if the released value is > 2.3%

Historical events that allowed us to draw this conclusion

18 Feb 00:30	19 Nov 00:30
21 Oct 23:30	22 Jul 22:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).