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 66.67% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 16 Sep 22:30 if the released value is < 1%. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion
14 Aug 22:30 |
14 Dec 00:30 |
16 Oct 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).