Based on past Germany ZEW Economic Sentiment Index news events there is a 80% chance of USDCAD trending downwards. A price movement of 24 could occur if the released value is > -27.5.
Historical events that allowed us to draw this conclusion
12 Apr 09:00 |
18 Jan 10:00 |
07 Dec 10:00 |
09 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
