Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect a $414 movement on USDCAD within 2 hours following the event release at 2022-10-27 23:15. We expect USDCAD to trend upwards 2 hours following the event release at 2022-10-27 23:15 if the released value is = 2%

Historical events that allowed us to draw this conclusion

08 Sep 22:15	09 Jun 21:45
14 Apr 21:45	16 Dec 23:45
28 Oct 22:45	09 Sep 21:45
22 Jul 21:45	22 Apr 21:45

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