We expect a $75.556 movement on USDCAD within 2 hours following the release of Industrial Production YoY at 14 Aug 09:00. We expect USDCAD to trend downwards 2 hours following the event release at 14 Aug 09:00 if the released value is > -1.2%. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jun 09:00 |
14 May 09:00 |
12 Apr 09:00 |
13 Mar 10:00 |
14 Nov 10:00 |
12 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
