Based on past United States Housing Starts news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is < 1.32M. A price movement of 60 pips is expected. Historical events that allowed us to draw this conclusion
17 Oct 12:30 |
16 Aug 12:30 |
17 Jul 12:30 |
26 Mar 12:30 |
26 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
