Based on the last 12 Inflation Rate YoY events in Canada, we expect EURUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards 12 hours following the event release at 20 Feb 00:30 if the released value is > 2.3%. A price movement of 44 pips is expected.

Historical events that allowed us to draw this conclusion

19 Jun 22:30

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