We expect USDCAD to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 75% chance of this. We expect this to happen if the released value is < 91.2. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
25 Jul 08:00 |
24 Jun 08:00 |
25 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
