We expect a $303 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards 4 hours following the Inflation Rate YoY Prel events in Germany release because the released value is < 2.6%. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
28 Nov 13:00 |
30 Sep 12:00 |
29 Apr 12:00 |
29 Feb 13:00 |
31 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
