Based on the last 12 ZEW Economic Sentiment Index events in Germany, we may expect USDCAD to trend downwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is < 15.3. A price movement of 33 pips may be experienced. Historical events that allowed us to draw this conclusion
17 Sep 09:00 |
13 Aug 09:00 |
16 Jul 09:00 |
18 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
