Based on the last 12 Inflation Rate YoY events in Canada, we expect a 64 pip movement on EURUSD within 2 hours following the event release at 18 Nov 13:30 UTC. We expect EURUSD to trend downwards 2 hours following the event release at 18 Nov 13:30 UTC if the released value is > 0.4%
Historical events that allowed us to draw this conclusion
22 Jul 12:30 |
18 Mar 12:30 |
19 Feb 13:30 |