Based on the last 12 Balance of Trade events in Germany, we expect a $305.176 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards for 2 hours because the released value is < €22B Historical events that allowed us to draw this conclusion

09 Jun 16:00

09 Jan 18:00

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