Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect USDCAD to trend downwards for the next 12 hours. Based on these past events there is a 85.71% chance of this. This may happen because the released value is > 6.3%

Historical events that allowed us to draw this conclusion

01 Feb 00:00	07 Jan 00:00
28 Oct 23:00	29 Jul 22:00
31 May 22:00	29 Apr 22:00

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