We expect a $262.614 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Markit Manufacturing PMI Flash events in Germany release because the released value is > 55.8. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
16 Dec 08:30 |
23 Nov 08:30 |
22 Oct 07:30 |
23 Jun 07:30 |
23 Apr 07:30 |
24 Mar 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
