Based on past United States Retail Sales MoM news events there is a 75% chance of USDCAD trending downwards. We expect this to happen because the released value is > 0.1%. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
18 Apr 12:30 |
11 Mar 12:30 |
15 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
