We expect USDCAD to trend downwards for the next 2 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 80% chance of this. We expect this to happen because the released value is > -63.4. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
12 Apr 09:00 |
18 Jan 10:00 |
07 Dec 10:00 |
09 Nov 10:00 |
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