We expect NKD to trend upwards later today. Based on these past Canada Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is < 5.6%. A price movement of 54000 pips is expected. Historical events that allowed us to draw this conclusion
05 May 12:30 |
06 Apr 12:30 |
10 Feb 13:30 |
02 Dec 13:30 |
04 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
