USDCAD could trend upwards later today. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. This could happen only if the released value is < 6.8%. The price movement may be as big as 20 pips. Historical events that allowed us to draw this conclusion
03 Mar 10:00 |
01 Feb 10:00 |
30 Jul 09:00 |
01 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
