Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCAD to trend downwards right now. Based on these past events there is a 71.43% chance of this. This may happen because the released value is > -2.3%
Historical events that allowed us to draw this conclusion
13 Jun 09:00 |
12 Apr 09:00 |
13 Mar 10:00 |
12 Dec 10:00 |
14 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
