Based on past United States Housing Starts news events there is a 71.43% chance of USDCAD trending upwards. We expect this to happen if the released value is > 1.3M. A price movement of 64 pips is expected.
Historical events that allowed us to draw this conclusion
18 Mar 12:30 |
19 Feb 13:30 |
17 Jan 13:30 |
18 Sep 12:30 |
16 May 12:30 |