We expect USDCAD to trend downwards for the next 4 hours. Based on these past United States Personal Income MoM news events there is a 75% chance of this. We expect this to happen because the released value is = 0.4%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
30 Nov 13:30 |
26 May 12:30 |
27 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
