Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $355.414 movement on USDCAD within 12 hours following the event release at 15 Oct 09:00. We expect USDCAD to trend downwards 12 hours following the event release at 15 Oct 09:00 if the released value is > -27
Historical events that allowed us to draw this conclusion
17 Sep 09:00 |
16 Apr 09:00 |
19 Feb 10:00 |
11 Dec 10:00 |
13 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
