We expect a $309 movement on USDCAD within 12 hours following the release of Existing Home Sales at 2023-05-18 14:00. We expect USDCAD to trend upwards 12 hours following the event release at 2023-05-18 14:00 if the released value is < 4.3M. A price movement of 42 pips is expected. Historical events that allowed us to draw this conclusion
20 Apr 14:00 |
21 Feb 15:00 |
18 Aug 14:00 |
19 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
