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There is a 88.89% chance of USDCAD trending downwards

Based on past United Kingdom Claimant Count Change news events there is a 88.89% chance of USDCAD trending downwards. We expect this to happen if the released value is > 21.3K. A price movement of 57 pips is expected.

Historical events that allowed us to draw this conclusion

16 Jul 08:30
11 Jun 08:30
16 Apr 08:30
19 Mar 09:20
19 Feb 09:30
22 Jan 09:30
11 Dec 09:30
13 Nov 09:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect HO to trend upwards today with a 66.67% chance.

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