We expect a $166.186 movement on USDCAD within 2 hours following the event release at 12 Nov 10:00.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $166.186 movement on USDCAD within 2 hours following the event release at 12 Nov 10:00. We expect USDCAD to trend downwards 2 hours following the event release at 12 Nov 10:00 if the released value is > -13

Historical events that allowed us to draw this conclusion

15 Oct 09:00

19 Mar 10:00

19 Feb 10:00

22 Jan 10:00

11 Dec 10:00

13 Nov 10:00

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