Based on the last 12 Business Confidence events in Euro Area, we expect a $186.397 movement on USDCAD within 12 hours following the event release at 29 Apr 19:00. We expect USDCAD to trend downwards 12 hours following the event release at 29 Apr 19:00 if the released value is < -1.24 Historical events that allowed us to draw this conclusion

30 Jan 21:00	28 Nov 21:00
27 Sep 19:00	30 Jul 19:00
27 Jun 19:00	29 Apr 19:00

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