We expect a $262.614 movement on USDCAD within the next 2 hours.

We expect a $262.614 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Markit Manufacturing PMI Flash events in Germany release because the released value is > 55.8. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

16 Dec 08:30

23 Nov 08:30

22 Oct 07:30

23 Jun 07:30

23 Apr 07:30

24 Mar 08:30

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