We expect USDCAD to trend upwards for the next 2 hours. Based on these past Germany Ifo Business Climate news events there is a 66.67% chance of this. We expect this to happen because the released value is > 88.9. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
22 Mar 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
