Be very careful of upcoming volatility because of United States Existing Home Sales news event later today. Based on the last 12 Existing Home Sales events in United States, we expect a $30.442 movement on USDCAD within 2 hours following the event release at 23 Jul 14:00. We expect this to happen if the released value is > 5.33M. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
21 Jun 14:00 |
22 Mar 14:00 |
19 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
