Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend downwards 12 hours following the event release at 2025-01-21 10:00 if the released value is < 15.3. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion
12 Nov 10:00 |
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”).
