Trade with an edge around todays Germany Balance of Trade news event

Past performance is not an indicator of future results.
Based on past Germany Balance of Trade news events there is a 71.43% chance of USDCAD trending upwards. We expect this to happen because the released value is < €15.1B. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

08 Nov 07:00
09 Oct 07:00
07 Sep 07:00
07 Aug 07:00
09 Jul 07:00

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

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