Euro Area Industrial Production YoY News Event – a $90.737 opportunity on USDCAD

Past performance is not an indicator of future results.
We expect a $90.737 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Industrial Production YoY events in Euro Area release because the released value is < -3.2%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

12 Sep 10:00

14 Aug 10:00

13 Jun 10:00

15 May 10:00

12 Apr 10:00

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

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