We expect a $558.838 movement on USDCAD within 12 hours following the release of Consumer Confidence Flash at 22 Jan 02:00. We expect USDCAD to trend downwards 12 hours following the event release at 22 Jan 02:00 if the released value is < -9. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion

22 Dec 02:00	24 Aug 00:00
23 Jul 00:00	23 Jun 00:00

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