Balance of Trade

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We expect USDCAD to trend upwards for the next 4 hours. Based on these past Germany Balance of Trade news events there is a 71.43% chance of this. We expect this to happen because the released value is > €15B. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

05 Jun 06:00
04 May 06:00
02 Feb 07:00
02 Nov 07:00
03 Aug 06:00

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