Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 61 pip movement on USDCAD within 12 hours following the event release at 15 Mar 21:00 GMT+11. We expect USDCAD to trend downwards 12 hours following the event release at 15 Mar 21:00 GMT+11 if the released value is > 10

Historical events that allowed us to draw this conclusion

18 Jan 21:00	07 Dec 21:00
11 May 19:00	16 Mar 21:00

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