We expect a $364.43 movement on USDCAD within 12 hours following the release of Balance of Trade at 02 Sep 11:30. We expect USDCAD to trend upwards 12 hours following the event release at 02 Sep 11:30 if the released value is < A$10.2B. A price movement of 46 pips is expected. Historical events that allowed us to draw this conclusion

04 May 11:30	01 Apr 11:30
07 Jan 11:30	03 Sep 11:30

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