What to trade around the US Michigan Consumer Sentiment Prel news event
Based on the last 12 Michigan Consumer Sentiment Prel events in US, we expect USDCAD to trend up later today. Based on these past events there is a 85.7% of this.
We expect USDCAD to trend up 2 hours following the event release at 15 Mar 14:00 if the released value is > 95.3. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
|15 Feb 15:00
|07 Dec 15:00
|09 Nov 15:00
|15 Jun 14:00
|11 May 14:00
|16 Mar 14:00
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)