Hello all, this is my first post here.
I have a newbie question for you:
In the forex events calendar, Tuesday Aug 22 at 12:30, for CAD currency - Core Retail Sales m/m increased a 0.7%, which was a huge difference compared with the previous value. And the event was categorized with high volatility impact.
Although, if I take a look at the EUR/CAD chart for these hours the price have risen, and I was expecting a bearish movement. The same with USD/CAD chart.
Could anybody explain me why?
I thought the strongest the CAD the bearish the market in USD/CAD and EUR/CAD currency exchanges.