We expect a $164 movement on USDCAD within 2 hours following the release of Continuing Jobless Claims at 2022-10-06 12:30. We expect USDCAD to trend upwards 2 hours following the event release at 2022-10-06 12:30 if the released value is > 1345K. A price movement of 21 pips is expected.
Historical events that allowed us to draw this conclusion
08 Sep 12:30 |
04 Aug 12:30 |
21 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
