is it true that usd/cad might probably make the following actions as a result of the release of the retail sale core:
*a reading of 0.6% or above would signify a significant rebound, and I think USD/CAD may go down by 35 pips or more in the first hour of the report
*if the reading is flat, or 0, or negative, that would mean it would be a second month in a row where there is no retails sales growth, and it is possible that Canadian economy is taking bigger hit than everybody is expecting, and I think based on that USD/CAD may possibly gain 35 pips or more in the first hour of the report
i need thorough analysis please!!!!
*a reading of 0.6% or above would signify a significant rebound, and I think USD/CAD may go down by 35 pips or more in the first hour of the report
*if the reading is flat, or 0, or negative, that would mean it would be a second month in a row where there is no retails sales growth, and it is possible that Canadian economy is taking bigger hit than everybody is expecting, and I think based on that USD/CAD may possibly gain 35 pips or more in the first hour of the report
i need thorough analysis please!!!!