Based on the last 12 Employment Change events in Canada, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 4 hours following the event release at 11 Oct 12:30 if the released value is < 10K. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion
05 Jul 12:30 |
05 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
