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We expect a 67 pip movement on CL within 2 hours following the event release.

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”).

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