Based on the last 12 Housing Starts events in United States, we expect a 40 pip movement on USDCAD within 4 hours following the event release at 19 Nov 13:30 UTC. We expect USDCAD to trend downwards 4 hours following the event release at 19 Nov 13:30 UTC if the released value is < 1.32M Historical events that allowed us to draw this conclusion
17 Oct 12:30 |
16 Aug 12:30 |
17 Jul 12:30 |
26 Mar 12:30 |
26 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
