Are you on the right side of Euro Area Business Confidence news event?

Past performance is not an indicator of future results.
Based on the last 12 Business Confidence events in Euro Area, we expect USDCAD to trend downwards. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards for 48 hours because the released value is < 0.66. A price movement of 69 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jan 10:00

08 Jan 10:00

30 Oct 10:00

30 Jul 10:00

28 Jun 10:00

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

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