We expect a $200 movement on USDCAD within 2 hours following the release of Retail Sales MoM at 2024-12-20 07:00. We expect USDCAD to trend downwards 2 hours following the event release at 2024-12-20 07:00 if the released value is < 0.5%. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion
22 Nov 07:00 |
24 May 06:00 |
19 Apr 06:00 |
19 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
