Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a $110.401 movement on USDCAD within 4 hours following the event release at 02 Mar 00:00. We expect USDCAD to trend upwards 4 hours following the event release at 02 Mar 00:00 if the released value is = 1.2%

Historical events that allowed us to draw this conclusion

07 Jan 00:00	28 May 22:00
30 Mar 23:00

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