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We expect GBPUSD to trend downwards today with a 75% chance.

Based on the last 12 Employment Change events in Canada, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < 15.9K Historical events that allowed us to draw this conclusion

08 Nov 13:30
05 Jul 12:30
05 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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Be very careful of upcoming volatility. We expect a $36.795 movement on BZ.

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A final push expected on Caterpillar Inc. as it starts approaching a price line of 140.00.

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