Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $248.8 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards for the next 2 hours because the released value is > -16.8

Historical events that allowed us to draw this conclusion

21 Nov 02:00	23 Sep 00:00
21 May 00:00	24 Mar 02:00
21 Feb 02:00

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