Based on the last 12 Unemployment Rate events in JP, we expect USDCAD to trend up right now. Based on these past events there is a 80.0% of this.
We expect USDCAD to trend up for the next 4 hours because the released value is > 2.4%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
27 Dec 23:30 |
29 Nov 23:30 |
30 Aug 23:30 |
30 Jul 23:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
