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This Friday 16 Apr at 12:30 PM GMT the latest US Housing Starts number will be released.
If the number is greater than than economists’ consensus there is a 80% probability that USDCAD will trend up following the news event.
This probability is based on the last 12 US Housing Starts events, in which 4 of the last 5 events where the actual number was greater than than the economist consensus resulted in an up trend of USDCAD.
Here are images of the past events:
Thursday 21 Jan at 01:30 PM GMT:
Thursday 17 Dec at 01:30 PM GMT:
Tuesday 18 Aug at 12:30 PM GMT:
Friday 17 Jul at 12:30 PM GMT:
Disclaimer: Past performance may not be indicative of future performance