Based on the last 12 Retail Sales MoM events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 14 Apr 12:30 if the released value is < 0.6%. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion
16 Mar 12:30 |
14 Jan 13:30 |
15 Dec 13:30 |
17 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
