Based on the last 12 Unemployment Rate events in Canada, we expect GC to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GC to trend downwards 48 hours following the event release at 2024-11-08 13:30 if the released value is > 6.6%. A price movement of 369 pips is expected.
Historical events that allowed us to draw this conclusion
06 Sep 12:30 |
05 Jul 12:30 |
03 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
