 |
Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a 87 pip movement on USDCAD within 12 hours following the event release at 2023-06-21 16:00. We expect USDCAD to trend upwards 12 hours following the event release at 2023-06-21 16:00 if the released value is > 8.4%
Historical events that allowed us to draw this conclusion
24 May 16:00 |
19 Apr 16:00 |
16 Nov 18:00 |
19 Oct 17:00 |
17 Aug 16:00 |
20 Jul 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).