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We expect a $111 movement on USDCAD within the next 4 hours.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we could see USDCAD trend downwards right now. Based on historical events there is a 66.67% chance of this. This may happen because the released value is > 2.4%

Historical events that allowed us to draw this conclusion

30 Oct 13:00
30 Jul 12:00

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

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