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Be very careful of upcoming volatility. We expect a $377.5 movement on USDCAD.

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”).

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