Based on past Germany Balance of Trade news events there is a 80% chance of USDCAD trending downwards. We expect this to happen if the released value is > € 14B. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
10 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |