Based on past Euro Area ECB Interest Rate Decision news events there is a 75% chance of USDCAD trending upwards. We expect this to happen if the released value is = 0%. A price movement of 66 pips is expected.

Historical events that allowed us to draw this conclusion

16 Jul 21:45	30 Apr 21:45
12 Mar 23:45	12 Sep 21:45
25 Jul 21:45	07 Mar 23:45

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