 |
Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 33 pip movement on USDCAD within 12 hours following the event release at 16 Jun 19:00 GMT+10. We expect USDCAD to trend downwards 12 hours following the event release at 16 Jun 19:00 GMT+10 if the released value is > 60
Historical events that allowed us to draw this conclusion
21 Apr 19:00 |
21 Jan 21:00 |
10 Dec 21:00 |
12 Nov 21:00 |
15 Oct 20:00 |
17 Sep 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).