We expect ZO to trend downwards later today. Based on these past Canada Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is > 10K. A price movement of 462 pips is expected.
Historical events that allowed us to draw this conclusion
10 May 12:30 |
07 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
