Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $1,225.701 movement on USDCAD within 48 hours following the event release at 22 Dec 02:00. We expect USDCAD to trend upwards 48 hours following the event release at 22 Dec 02:00 if the released value is > -16.8

Historical events that allowed us to draw this conclusion

21 Nov 02:00	23 Sep 00:00
23 Jun 00:00	21 May 00:00
21 Feb 02:00

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