Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $55.235 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards for the next 2 hours because the released value is > 6.3%

Historical events that allowed us to draw this conclusion

14 Jun 09:00

12 Mar 10:00

13 Jan 10:00

14 Dec 10:00