Be very careful of upcoming volatility because of Germany ZEW Economic Sentiment Index news event later today. Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $377.5 movement on USDCAD within 48 hours following the event release at 13 Aug 09:00. We expect this to happen if the released value is > -28.5. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 09:00 |
19 Mar 10:00 |
19 Feb 10:00 |
11 Dec 10:00 |
13 Nov 10:00 |
11 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
