Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect a 13 pip movement on USDCAD within 2 hours following the event release at 29 Oct 16:30 GMT+11. We expect USDCAD to trend downwards 2 hours following the event release at 29 Oct 16:30 GMT+11 if the released value is > 2.1%

Historical events that allowed us to draw this conclusion

30 Jul 15:30	29 Jan 17:30
30 Oct 17:30	31 Jul 15:30
30 Oct 17:30

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