Based on the last 12 Ifo Business Climate events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCAD to trend downwards 48 hours following the event release at 2024-11-25 09:00 if the released value is < 86. A price movement of 88 pips is expected. Historical events that allowed us to draw this conclusion
24 Sep 08:00 |
24 Jun 08:00 |
27 May 08:00 |
25 Jan 09:00 |
18 Dec 09:00 |
24 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
