We expect USDCAD to trend downwards right now.

Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend downwards right now. Based on these past events there is a 83.33% chance of this. This will happen because the released value is > €15.9B

Historical events that allowed us to draw this conclusion

07 Jun 06:00

10 May 06:00

08 Apr 06:00

11 Mar 07:00

09 Jan 07:00

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