We expect HE to trend downwards for the next 4 hours. Based on these past Canada Unemployment Rate news events there is a 71.43% chance of this. We expect this to happen because the released value is < 5%. A price movement of 262 pips is expected. Historical events that allowed us to draw this conclusion
08 Jul 12:30 |
07 Jan 13:30 |
03 Dec 13:30 |
10 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
