Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend downwards. Based on these past events there is a 77.78% chance of this. We expect USDCAD to trend downwards for 2 hours because the released value is > €14.1B. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
09 Sep 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
