United States Retail Sales MoM News Event – a possible $589.277 movement on USDCAD

Based on the last 12 Retail Sales MoM events in United States, we expect a $589.277 movement on USDCAD within 48 hours following the event release at 14 Apr 22:30. We expect USDCAD to trend downwards 48 hours following the event release at 14 Apr 22:30 if the released value is < 0.6% Historical events that allowed us to draw this conclusion

16 Mar 23:30
15 Jan 00:30
16 Dec 00:30
14 May 22:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).