We expect a $278.313 movement on USDCAD within 2 hours following the release of Markit Manufacturing PMI Flash at 24 Jan 19:30. We expect USDCAD to trend downwards 2 hours following the event release at 24 Jan 19:30 if the released value is < 57. A price movement of 35 pips is expected. Historical events that allowed us to draw this conclusion

23 Sep 17:30	23 Aug 17:30
21 May 17:30

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