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This Thursday 17 Jun at 12:30 PM GMT the latest US Philadelphia Fed Manufacturing Index number will be released.
If the number is greater than than economists’ consensus there is a 87.5% probability that USDCAD will trend up following the news event.
This probability is based on the last 12 US Philadelphia Fed Manufacturing Index events, in which 7 of the last 8 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 15 Apr at 12:30 PM GMT:
Thursday 18 Mar at 12:30 PM GMT:
Thursday 18 Feb at 01:30 PM GMT:
Thursday 21 Jan at 01:30 PM GMT:
Thursday 15 Oct at 12:30 PM GMT:
Thursday 16 Jul at 12:30 PM GMT:
Thursday 18 Jun at 12:30 PM GMT:
Disclaimer: Past performance may not be indicative of future performance