We expect a $295 movement on USDCAD within 12 hours following the release of Inflation Rate YoY at 2023-05-19 09:30. We expect USDCAD to trend upwards 12 hours following the event release at 2023-05-19 09:30 if the released value is > 2.5%. A price movement of 40 pips is expected.

Historical events that allowed us to draw this conclusion

24 Feb 10:30	18 Nov 10:30
20 Sep 09:30	19 Aug 09:30

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