Based on the last 12 Employment Change events in Canada, we expect a 67 pip movement on CL within 2 hours following the event release at 09 Apr 12:30 UTC. We expect CL to trend upwards 2 hours following the event release at 09 Apr 12:30 UTC if the released value is > 100K
Historical events that allowed us to draw this conclusion
04 Dec 13:30 |
09 Oct 12:30 |
10 Jul 12:30 |
05 Jun 12:30 |
08 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
