Euro Area Consumer Confidence Flash News Event – a possible $66.502 movement on USDCAD

Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $66.502 movement on USDCAD within 2 hours following the event release at 21 Dec 15:00. We expect USDCAD to trend upwards 2 hours following the event release at 21 Dec 15:00 if the released value is < -4.3

Historical events that allowed us to draw this conclusion

20 Sep 15:00
23 Aug 15:00
23 May 15:00

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

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