This Friday 17 May at 02:00 PM GMT the latest US Michigan Consumer Sentiment Prel number will be released.
If the number is greater than than economists’ consensus there is a 71.42% probability that USDCAD will trend up following the news event.
This probability is based on the last 12 US Michigan Consumer Sentiment Prel events, in which 5 of the last 7 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:
Friday 15 Feb at 03:00 PM GMT:
Friday 07 Dec at 03:00 PM GMT:
Friday 09 Nov at 03:00 PM GMT:
Friday 15 Jun at 02:00 PM GMT:
Friday 11 May at 02:00 PM GMT:
Disclaimer: Past performance may not be indicative of future performance