Based on past Euro Area Industrial Production YoY news events there is a 85.71% chance of USDCAD trending downwards. We expect this to happen if the released value is > 0.6%. A price movement of 102 pips is expected.
Historical events that allowed us to draw this conclusion
14 Dec 10:00 |
12 Nov 10:00 |
13 Oct 09:00 |
15 Sep 09:00 |
12 Mar 10:00 |
13 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
