We expect USDCAD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 72.73% chance of this. We expect this to happen if the released value is > €17B. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
09 Apr 06:00 |
09 Mar 07:00 |
10 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
07 Jun 06:00 |
10 May 06:00 |