We expect USDCAD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 77.78% chance of this. We expect this to happen if the released value is < € 10.8B. A price movement of 73 pips is expected. Historical events that allowed us to draw this conclusion
07 Jan 07:00 |
08 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
09 Apr 06:00 |
09 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
