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We expect HE to trend downwards today.

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”).

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