Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 13 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend upwards for 2 hours because the released value is < 56.7 Historical events that allowed us to draw this conclusion

06 Jul 19:00	13 Apr 19:00
10 Nov 21:00	13 Oct 20:00

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