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We expect USDCAD to trend downwards right now.

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”).

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We expect CT to trend upwards for the next 12 hours.

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