We expect USDCAD to trend downwards later today. Based on these past Germany Inflation Rate YoY Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 1.9%. A price movement of 82 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 00:00	29 Jan 00:00
30 Oct 00:00	29 Jun 22:00

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