Be very careful of upcoming volatility because of Canada Employment Change news event later today. Based on the last 12 Employment Change events in Canada, we expect a $1.711 movement on BO within 4 hours following the event release at 06 Sep 12:30. We expect this to happen if the released value is < 15K. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion
09 Aug 12:30 |
05 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
