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We expect EURUSD to trend downwards today.

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”).

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We expect a $202.654 movement on USDCHF within 12 hours following the event release at 05 Jul 12:30.

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We expect AUDUSD to trend downwards today.

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