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We expect ES to trend upwards today.

Based on the last 12 Inflation Rate YoY events in Canada, we expect ES to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ES to trend upwards 48 hours following the event release at 20 Nov 13:30 if the released value is < 1.9%. A price movement of 1,587 pips is expected. Historical events that allowed us to draw this conclusion

16 Oct 12:30
18 Sep 12:30
27 Feb 13:30

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

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XAU/USD Target Level: 1465.3000

XAU/USD Target Level: 1465.3000

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Be very careful of upcoming volatility. We expect a $220 movement on EURUSD.

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