We expect a $469 movement on USDCAD within the next 12 hours. We expect USDCAD to trend upwards 12 hours following the Unemployment Rate events in Euro Area release because the released value is = 6.6%. A price movement of 60 pips is expected.
Historical events that allowed us to draw this conclusion
01 Aug 09:00 |
01 Jun 09:00 |
10 Jan 10:00 |
02 Dec 10:00 |
01 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
