We expect USDCAD to trend upwards for the next 2 hours. Based on these past United States Retail Sales MoM news events there is a 83.33% chance of this. We expect this to happen because the released value is < 0%. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion
17 Aug 12:30 |
14 Apr 12:30 |
16 Mar 12:30 |
14 Jan 13:30 |
15 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
