Based on the last 12 Ifo Business Climate events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is < 84.6 Historical events that allowed us to draw this conclusion
24 Sep 08:00 |
25 Jul 08:00 |
24 Jun 08:00 |
27 May 08:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
