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We expect USDCAD to trend downwards today with a 75% chance.

We expect USDCAD to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 75% chance of this. We expect this to happen if the released value is < 91.2. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion

25 Jul 08:00
24 Jun 08:00
25 Mar 09:00

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

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D’après les 12 derniers événements de Climat Des Affaires Ifo en Allemagne, nous attendons un mouvement de $280 sur NZDUSD dans les 2 heures suivant la publication de l’événement à 2023-02-22 09:00.

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We expect a 67500 pip movement on NKD within 48 hours following the event release.

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