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Be very careful of upcoming volatility. We expect a $195.871 movement on USDCAD.

Be very careful of upcoming volatility because of Germany Markit Manufacturing PMI Flash news event later today. Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $195.871 movement on USDCAD within 2 hours following the event release at 23 Sep 07:30. We expect this to happen if the released value is < 44.0. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

24 Jul 07:30
23 May 07:30
18 Apr 07:30
22 Mar 08:30
21 Feb 08:30
23 Nov 08:30
24 Oct 07:30
21 Sep 07:30

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

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Important resistance line being approached by GER30. This price has been tested numerous time in the last 33 days

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We expect SM to trend downwards today with a 80% chance.

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