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We expect USDCAD to trend upwards today with a 66.67% chance.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 42 pip movement on USDCAD within 4 hours following the event release at 2025-07-15 09:00. We expect USDCAD to trend upwards 4 hours following the event release at 2025-07-15 09:00 if the released value is < 50 Historical events that allowed us to draw this conclusion

15 Apr 09:00
21 Jan 10:00
17 Sep 09:00
16 Jul 09:00

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

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