Want to know why USDCAD is going downwards today?

Based on the last 12 Consumer Confidence events in Japan, we expect a $52.676 movement on USDCAD within 2 hours following the event release at 30 Nov 05:00. We expect USDCAD to trend downwards 2 hours following the event release at 30 Nov 05:00 if the released value is < 43.3

Historical events that allowed us to draw this conclusion

31 Oct 05:00

31 Jul 06:00

30 May 06:00

02 May 06:00

09 Apr 06:00

01 Mar 05:00

31 Jan 05:00

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

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