Based on the last 12 Inflation Rate YoY events in Canada, we expect a $260 movement on EURUSD within 12 hours following the event release at 22 Jul 22:30. We expect EURUSD to trend downwards 12 hours following the event release at 22 Jul 22:30 if the released value is > 0.3%

Historical events that allowed us to draw this conclusion

18 Mar 23:30

21 Aug 22:30

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