Based on the last 12 Unemployment Rate events in Canada, we could see a 44 pip movement on UB for the next 48 hours. UB could trend downwards for 48 hours because the released value is < 7% Historical events that allowed us to draw this conclusion
11 Jul 12:30 |
07 Mar 13:30 |
07 Feb 13:30 |
10 Jan 13:30 |
08 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
