Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 21 May 07:30 if the released value is > 39.2. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

21 Feb 08:30

24 Jan 08:30

22 Nov 08:30

22 Aug 07:30

21 Jun 07:30