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We expect a 18 pip movement on USDCAD for the next 2 hours.

We expect USDCAD to trend upwards for the next 2 hours. Based on these past Germany Ifo Business Climate news events there is a 66.67% chance of this. We expect this to happen because the released value is > 88.9. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

22 Mar 09:00
25 Oct 08:00

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

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