Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 2023-08-15 09:00 if the released value is > -14.7. A price movement of 86 pips is expected.
Historical events that allowed us to draw this conclusion
21 Feb 10:00 |
17 Jan 10:00 |
15 Nov 10:00 |
18 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
