We expect EMD to trend upwards today.

We expect EMD to trend upwards later today. Based on these past Germany Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < €17B. A price movement of 215 pips is expected. Historical events that allowed us to draw this conclusion

13 Dec 07:00
07 Nov 07:00
07 Aug 06:00
07 May 06:00
08 Apr 06:00

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

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We expect USDCAD to trend upwards today with a 71.43% chance.

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