Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 108 pip movement on USDCAD within 12 hours following the event release at 12 Oct 20:00 GMT+11. We expect USDCAD to trend upwards 12 hours following the event release at 12 Oct 20:00 GMT+11 if the released value is < 24 Historical events that allowed us to draw this conclusion

07 Sep 19:00	06 Jul 19:00
08 Jun 19:00	10 Nov 21:00
13 Oct 20:00

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