Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 85 pip movement on USDCAD within 4 hours following the event release at 2023-06-13 09:00. We expect USDCAD to trend downwards 4 hours following the event release at 2023-06-13 09:00 if the released value is > -13.1
Historical events that allowed us to draw this conclusion
17 Jan 10:00 |
13 Dec 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”).
