Based on the last 12 Balance of Trade events in Germany, we expect a $141 movement on USDCAD within 2 hours following the event release at 2024-12-13 07:00. We expect USDCAD to trend upwards 2 hours following the event release at 2024-12-13 07:00 if the released value is > €16.1B
Historical events that allowed us to draw this conclusion
09 Oct 06:00 |
05 Feb 07:00 |
08 Jan 07:00 |
04 Dec 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
