Based on the last 12 Philadelphia Fed Manufacturing Index events in US, we expect USDCAD to trend up later today. Based on these past events there is a 71.4% of this.
This will happen if the released value is > 20
Historical events that allowed us to draw this conclusion
20 Sep 12:30 |
17 May 12:30 |
19 Apr 12:30 |
15 Feb 13:30 |
19 Oct 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
