What to trade around Canada Inflation Rate YoY news event

Past performance is not an indicator of future results.
Based on the last 12 Inflation Rate YoY events in Canada, we expect GBPUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards for the next 12 hours because the released value is < 1.5%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

19 Dec 13:30
22 Jun 13:30
18 May 13:30
20 Apr 13:30

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

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