We expect USDCAD to trend upwards for the next 12 hours. Based on these past United States Retail Sales MoM news events there is a 80% chance of this. We expect this to happen because the released value is > 0.1%. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 13:30 |
16 Nov 13:30 |
15 Oct 12:30 |
16 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
