Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 77.78% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 07 Aug 06:00 if the released value is > € 1.4B. A price movement of 67 pips is expected.

Historical events that allowed us to draw this conclusion

09 Apr 06:00

09 Mar 07:00

10 Oct 06:00

09 Sep 06:00

09 Aug 06:00