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We expect USDCAD to trend upwards today.

Based on the last 12 PPI Input YoY events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 18 Sep 08:30 if the released value is < -0.5%. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion

22 May 08:30
17 Apr 08:30
20 Mar 09:30
13 Feb 09:30

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

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We expect USDCAD to trend downwards today.

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We expect a $891.072 movement on OJ within 48 hours following the event release at 18 Sep 08:30.

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