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We expect USDCAD to trend downwards later today. Based on these past United States New Home Sales news events there is a 70% chance of this. We expect this to happen if the released value is > 0.895M. A price movement of 122 pips is expected.
Historical events that allowed us to draw this conclusion
26 Aug 00:00 |
25 Jul 00:00 |
27 May 00:00 |
25 Mar 01:00 |
27 Nov 02:00 |
25 Oct 01:00 |
26 Sep 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).