Based on the last 12 Unemployment Rate events in US, we expect a $61.29 movement on USDCAD within 2 hours following the event release at 02 Nov 12:30.
We expect USDCAD to trend down 2 hours following the event release at 02 Nov 12:30 if the released value is > 3.7%
Historical events that allowed us to draw this conclusion
06 Jul 12:30 |
06 Apr 12:30 |
09 Mar 13:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
