Based on the last 12 Ifo Business Climate events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 2025-09-24 08:00 if the released value is > 89.3. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
25 Aug 08:00 |
24 Jun 08:00 |
27 Jan 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
