Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect USDCAD to trend upwards for the next 4 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is < -0.3% Historical events that allowed us to draw this conclusion

29 Oct 19:00	30 Jul 18:00
30 Jul 18:00	14 Feb 18:00

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