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We expect USDCAD to trend downwards right now.

Based on past United States PPI MoM news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen because the released value is > 0.1%. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

14 May 12:30
16 Feb 13:30
11 Oct 12:30
11 Aug 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect S to trend upwards for the next 2 hours.

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We expect a $2219 movement on SM within the next 4 hours.

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