Based on the last 12 Unemployment Rate events in United Kingdom, we expect USDCAD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards for the next 2 hours because the released value is = 3.8%. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jun 08:30 |
16 Apr 08:30 |
19 Feb 09:30 |
11 Dec 09:30 |
16 Oct 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
