We expect a $1,173.18 movement on USDCAD within 48 hours following the release of Retail Sales MoM at 16 Oct 23:30. We expect USDCAD to trend downwards 48 hours following the event release at 16 Oct 23:30 if the released value is < 0.7%. A price movement of 155 pips is expected. Historical events that allowed us to draw this conclusion

16 Sep 22:30	14 Aug 22:30
15 May 22:30	15 Apr 22:30
14 Dec 00:30	16 Oct 23:30

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