We expect USDCAD to trend upwards later today. Based on these past Germany Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < €17.3B. A price movement of 90 pips is expected. Historical events that allowed us to draw this conclusion
06 Jun 06:00 |
10 Mar 07:00 |
13 Dec 07:00 |
07 Nov 07:00 |
06 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
