Based on past Canada Unemployment Rate news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 5.6%. A price movement of 221 pips is expected. Historical events that allowed us to draw this conclusion
05 May 12:30 |
10 Mar 13:30 |
10 Feb 13:30 |
04 Nov 12:30 |
05 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
