Based on the last 12 Industrial Production YoY events in Euro Area, we may see a 92 pip movement on USDCAD within 12 hours following the event release at 15 Jun 09:00 UTC. USDCAD may trend downwards 12 hours following the event release at 15 Jun 09:00 UTC if the released value is < -1.1% Historical events that allowed us to draw this conclusion
15 Mar 10:00 |
12 Jan 10:00 |
14 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
