Based on past Euro Area Industrial Production YoY news events there is a 71.43% chance of USDCAD trending upwards. We expect this to happen if the released value is > -2%. A price movement of 142 pips is expected.

Historical events that allowed us to draw this conclusion

12 Mar 21:00	12 Dec 21:00
12 Jul 19:00	13 Jun 19:00
14 May 19:00

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