Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend downwards for the next 12 hours. Based on these past events there is a 72.73% chance of this. This may happen because the released value is > €18.2B

Historical events that allowed us to draw this conclusion

09 Mar 18:00	09 Dec 18:00
10 Oct 17:00	09 Sep 16:00
09 Aug 16:00	07 Jun 16:00
10 May 16:00	08 Apr 16:00

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