Based on the last 12 Inflation Rate YoY events in Canada, we expect CL to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect CL to trend downwards for the next 2 hours because the released value is = 1.9%. A price movement of 41 pips is expected.
Historical events that allowed us to draw this conclusion
|17 Jul 12:30|
|17 Apr 12:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).