Based on the last 12 Continuing Jobless Claims events in US, we expect USDCAD to trend up later today. Based on these past events there is a 70.0% of this.
We expect USDCAD to trend up 4 hours following the event release at 25 Oct 12:30 if the released value is < 1653K. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
18 Oct 12:30 |
04 Oct 12:30 |
20 Sep 12:30 |
06 Sep 12:30 |
30 Aug 12:30 |
23 Aug 12:30 |
16 Aug 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
