Based on the last 12 Employment Change events in Canada, we expect RU to trend upwards later today. Based on these past events there is a 80% chance of this. We expect RU to trend upwards 48 hours following the event release at 12 Mar 13:30 if the released value is < 75K. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
05 Feb 13:30 |
08 Jan 13:30 |
06 Nov 13:30 |
09 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
