We expect USDCAD to trend downwards later today. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is < 7.1%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
01 Jul 09:00 |
01 Jun 09:00 |
30 Apr 09:00 |
04 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
