We expect a $63.644 movement on USDCAD within 2 hours following the release of Industrial Production YoY at 12 Jan 10:00. We expect USDCAD to trend downwards 2 hours following the event release at 12 Jan 10:00 if the released value is > 0.6%. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

14 Dec 10:00

12 Nov 10:00

13 Oct 09:00

14 Jun 09:00

12 Mar 10:00

13 Jan 10:00