Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 37.4%Historical events that allowed us to draw this conclusion
|14 Apr 09:00|
|15 Feb 10:00|
|12 Aug 09:00|
|14 Jul 09:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).