We expect a $265 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Inflation Rate YoY Prel events in Germany release because the released value is > 7.4%. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

30 May 22:00	28 Apr 22:00
30 Mar 23:00	07 Jan 00:00
30 Nov 00:00	29 Jul 22:00

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