We expect a 87 pip movement on USDCAD within 48 hours following the event release.

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 71.43% chance of this. This may happen if the released value is < -0.4% Historical events that allowed us to draw this conclusion

18 Jan 13:30

15 Dec 13:30

17 Aug 12:30

15 Jun 12:30

14 Apr 12:30

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