80% probability that USDCAD will trend downwards right now

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend downwards for the next 48 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > €14.4B

Historical events that allowed us to draw this conclusion

09 Jan 07:00

08 Jun 07:00

08 May 07:00

09 Mar 07:00

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

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