We expect USDCAD to trend downwards later today. Based on these past Germany Inflation Rate YoY Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 1.9%. A price movement of 76 pips is expected.
Historical events that allowed us to draw this conclusion
30 May 12:00 |
30 Apr 12:00 |
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”).
