We expect USDCAD to trend downwards for the next 2 hours. Based on these past Germany Markit Manufacturing PMI Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is < 59.5. A price movement of 80 pips is expected. Historical events that allowed us to draw this conclusion

23 Sep 17:30

23 Aug 17:30

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