Based on past Germany Inflation Rate YoY Prel news events there is a 75% chance of USDCAD trending upwards. We expect this to happen if the released value is > 0.2%. A price movement of 179 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 22:00

30 Jul 22:00

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