Based on past Switzerland KOF Leading Indicators news events there is a 83.33% chance of USDCAD trending downwards. We expect this to happen because the released value is < 89. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
30 May 07:00 |
30 Mar 07:00 |
28 Feb 08:00 |
30 Nov 08:00 |
30 Aug 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
