Based on past United Kingdom GfK Consumer Confidence news events there is a 75% chance of USDCAD trending upwards. We expect this to happen because the released value is > -29. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 11:01	25 Sep 09:01
03 Jul 09:01	22 May 09:01
31 Mar 10:01	28 Feb 11:01

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