Based on past United States Durable Goods Orders ex Tansp MoM news events there is a 77.78% chance of USDCAD trending upwards. We expect this to happen because the released value is < 0.3%. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
21 Nov 13:30 |
25 Oct 13:30 |
26 Jul 13:30 |
27 Jun 13:30 |
26 Apr 13:30 |
27 Feb 13:30 |
22 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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