TradersNews 87.5% probability that USDCAD will trend down on Thursday 27 Feb at 01:30 PM GMT if the US Durable Goods Orders MoM number is greater than -1.5%.

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This Thursday 27 Feb at 01:30 PM GMT the latest US Durable Goods Orders MoM number will be released.
If the number is greater than than economists’ consensus there is a 87.5% probability that USDCAD will trend down following the news event.

This probability is based on the last 12 US Durable Goods Orders MoM events, in which 5 of the last 8 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.

Here are images of the past events:

Tuesday 28 Jan at 01:30 PM GMT:

Friday 27 Sep at 12:30 PM GMT:

Monday 26 Aug at 12:30 PM GMT:

Thursday 25 Apr at 12:30 PM GMT:

Wednesday 13 Mar at 12:30 PM GMT:

Disclaimer: Past performance may not be indicative of future performance