We expect NE to trend downwards later today. Based on these past Canada Employment Change news events there is a 80% chance of this. We expect this to happen if the released value is < -350K. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
06 Dec 13:30 |
08 Nov 13:30 |
09 Aug 12:30 |
05 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
