Be very careful of upcoming volatility because of Canada Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in Canada, we expect a $220 movement on EURUSD within 12 hours following the event release at 20 Nov 13:30. We expect this to happen if the released value is = 1.9%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
|17 Jul 12:30|
|15 May 12:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).