Based on the last 12 Retail Sales MoM events in United States, we expect a $390 movement on USDCAD within 12 hours following the event release at 2022-09-15 22:30. We expect USDCAD to trend upwards 12 hours following the event release at 2022-09-15 22:30 if the released value is > 0%

Historical events that allowed us to draw this conclusion

17 Feb 00:30	17 Nov 00:30
15 Oct 23:30	16 Sep 22:30

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