Based on the last 12 Unemployment Rate events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 30 Sep 07:55 if the released value is = 5%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 07:55 |
01 Jul 07:55 |
29 Mar 08:55 |
01 Mar 08:55 |
31 Jan 08:55 |
04 Jan 08:55 |
30 Oct 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
