Based on the last 12 Housing Starts events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 18 May 22:30 if the released value is < 1.71M. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion

17 Mar 23:30	20 Oct 23:30
17 Sep 22:30	19 May 22:30

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