Based on the last 12 Unemployment Rate events in Canada, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 05 Jul 12:30 if the released value is < 5.5%. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion
10 May 12:30 |
02 Nov 12:30 |
10 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
