We expect a $435.456 movement on USDCAD within 2 hours following the release of Non Farm Payrolls at 05 Dec 00:30. We expect USDCAD to trend upwards 2 hours following the event release at 05 Dec 00:30 if the released value is > 469K. A price movement of 56 pips is expected.

Historical events that allowed us to draw this conclusion

07 Aug 22:30	02 Jul 22:30
05 Jun 22:30	08 May 22:30
07 Mar 00:30	08 Feb 00:30
07 Dec 00:30

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