We expect USDCAD to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is < -20. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

21 Aug 09:01	24 Jul 09:01
06 Apr 09:01

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