Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $127.073 movement on USDCAD within 2 hours following the event release at 23 Apr 17:30. We expect USDCAD to trend upwards 2 hours following the event release at 23 Apr 17:30 if the released value is < 39 Historical events that allowed us to draw this conclusion

24 Oct 18:30	24 Jul 17:30
23 May 17:30	18 Apr 17:30

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