Based on past Germany Balance of Trade news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is < €7.3B. A price movement of 171 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 06:00 |
03 Jun 06:00 |
04 Mar 07:00 |
09 Feb 07:00 |
09 Dec 07:00 |
09 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
