Based on the last 12 Inflation Rate YoY events in United States, we expect a 61 pip movement on USDCAD for the next 48 hours. We expect USDCAD to trend downwards for 48 hours because the released value is > 1.1%

Historical events that allowed us to draw this conclusion

11 Sep 22:30	12 Aug 22:30
14 Feb 00:30	12 Dec 00:30

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