Based on the last 12 Ifo Business Climate events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is < 95.1 Historical events that allowed us to draw this conclusion
25 Jul 08:00 |
23 May 08:00 |
24 Apr 08:00 |
18 Dec 09:00 |
26 Nov 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
