We expect USDCAD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < €14.1B. A price movement of 15 pips is expected. Historical events that allowed us to draw this conclusion
08 Feb 07:00 |
08 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
