Based on past United States Adp Employment Change news events there is a 80% chance of USDCAD trending downwards. We expect this to happen because the released value is < 207K. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
04 Aug 12:15 |
05 May 12:15 |
31 Mar 12:15 |
03 Mar 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
