Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDCAD to trend downwards right now. Based on these past events there is a 83.33% chance of this. This may happen because the released value is > -42.3

Historical events that allowed us to draw this conclusion

21 Jan 21:00	10 Dec 21:00
12 Nov 21:00	15 Oct 20:00
16 Apr 19:00

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