Germany Ifo Business Climate News Event – a possible $184.918 movement on USDCAD

Based on the last 12 Ifo Business Climate events in Germany, we could see a $184.918 movement on USDCAD within the next 2 hours. We may see USDCAD trend downwards for 2 hours because the released value is < 92.9 Historical events that allowed us to draw this conclusion

25 Mar 20:00
24 Nov 20:00
24 Sep 18:00
25 Aug 18:00
26 Jul 18:00

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