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We expect USDCAD to trend downwards today with a 71.43% chance.

We expect USDCAD to trend downwards later today. Based on these past Australia Retail Sales MoM news events there is a 71.43% chance of this. We expect this to happen if the released value is < 0.5%. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion

04 Oct 01:30
04 Jun 01:30
07 Mar 00:30
05 Feb 00:30
02 Nov 00:30

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

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UK100 is quickly approaching 7319.0000. We expect either a breakout through this line, or a rebound.

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We expect a $0 movement on BR within 48 hours following the event release at 04 Nov 00:30.

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