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We expect USDCAD to trend upwards today with a 85.71% chance.

Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 85.71% chance of this. This will happen if the released value is < -0.1% Historical events that allowed us to draw this conclusion

14 Feb 07:00
14 Nov 07:00
15 May 06:00
15 Aug 06:00
12 May 06:00
14 Feb 07:00

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

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We expect a $300 movement on NZDUSD within 48 hours following the event release at 14 Aug 05:30.

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We expect NZDUSD to trend downwards for the next 48 hours.

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