Based on the last 12 Retail Sales MoM events in United States, we expect a $912.537 movement on USDCAD within 12 hours following the event release at 16 Jan 00:30. We expect USDCAD to trend upwards 12 hours following the event release at 16 Jan 00:30 if the released value is < 0% Historical events that allowed us to draw this conclusion

18 Nov 00:30	16 Sep 22:30
14 Aug 22:30	15 May 22:30
15 Apr 22:30	17 Mar 23:30

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