What to trade around Germany Inflation Rate YoY Prel news event

Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect USDCAD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards for the next 4 hours because the released value is < 2.4%. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

29 Mar 13:00
27 Feb 13:00
30 Jan 13:00

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

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