Based on the last 12 Employment Change events in Canada, we expect UB to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect UB to trend downwards 2 hours following the event release at 12 Mar 13:30 if the released value is > 75K. A price movement of 232 pips is expected.
Historical events that allowed us to draw this conclusion
04 Dec 13:30 |
07 Aug 12:30 |
10 Jul 12:30 |
05 Jun 12:30 |
08 May 12:30 |
06 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
