Based on the last 12 Unemployment Rate events in United Kingdom, we may expect USDCAD to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is > 4.1%. A price movement of 51 pips may be experienced.
Historical events that allowed us to draw this conclusion
11 Jun 06:00 |
16 Apr 06:00 |
12 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
