Based on past Japan Consumer Confidence news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is < 34. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
29 Jul 05:00 |
08 Apr 05:00 |
03 Mar 05:00 |
31 Jan 05:00 |
05 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
