Mubasoxngan97
01-02-2023 04:55,
Might it be accurate that usd/cad might probably make the following actions as a result of the release of the retail sale core:
*a reading of 0.6percent or above would signify a considerable rebound, and I believe USD/CAD may decrease from 35 pips or longer at the first hour of the report
*if the reading is flat, or 0, or negative, which would mean it would be a second month in a row where there is no retails sales expansion, and it is possible that Canadian economy is taking larger hit than everybody is expecting, and I think based on that USD/CAD could gain 35 pips or longer from the first hour of the report
I require comprehensive analysis please!!!!
*a reading of 0.6percent or above would signify a considerable rebound, and I believe USD/CAD may decrease from 35 pips or longer at the first hour of the report
*if the reading is flat, or 0, or negative, which would mean it would be a second month in a row where there is no retails sales expansion, and it is possible that Canadian economy is taking larger hit than everybody is expecting, and I think based on that USD/CAD could gain 35 pips or longer from the first hour of the report
I require comprehensive analysis please!!!!