Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 42 pip movement on USDCAD within 4 hours following the event release at 15 Feb 21:00 GMT+11. We expect USDCAD to trend downwards 4 hours following the event release at 15 Feb 21:00 GMT+11 if the released value is < -0.3% Historical events that allowed us to draw this conclusion

12 Aug 19:00	14 Jul 19:00
13 May 19:00	12 Feb 21:00

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