We expect a $219 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the Balance of Trade events in Germany release because the released value is > €17.9B. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
04 Dec 07:00 |
03 Nov 07:00 |
05 Oct 06:00 |
03 Aug 06:00 |
04 May 06:00 |
05 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
