Based on the last 12 Balance of Trade events in Germany, we expect a 30 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend upwards for 2 hours because the released value is > €17.7B
Historical events that allowed us to draw this conclusion
08 Jun 07:00 |
08 May 07:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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