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A possible $536.16 movement on USDCAD within the next 12 hours.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we could see a $536.16 movement on USDCAD within the next 12 hours. We may see USDCAD trend downwards for 12 hours because the released value is > 7.6%

Historical events that allowed us to draw this conclusion

28 Apr 12:00
31 Jan 13:00
06 Jan 13:00
28 Oct 12:00
29 Jul 12:00
31 May 12:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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