We expect a $611.804 movement on USDCAD within 12 hours following the release of Balance of Trade at 13 May 16:00. We expect USDCAD to trend downwards 12 hours following the event release at 13 May 16:00 if the released value is < £-1.7B. A price movement of 86 pips is expected. Historical events that allowed us to draw this conclusion

09 Apr 16:00	10 Dec 20:30
10 May 18:30

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