Based on the last 12 Employment Change events in Canada, we expect HE to trend downwards later today. Based on these past events there is a 75% chance of this. We expect HE to trend downwards 2 hours following the event release at 10 Sep 12:30 if the released value is > 100K. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 13:30 |
04 Dec 13:30 |
09 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
