Based on the last 12 Unemployment Rate events in Canada, we expect GBPUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards for 12 hours because the released value is = 5.7%. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jul 12:30 |
05 Apr 12:30 |
08 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
