Based on the last 12 Unemployment Rate events in Canada, we expect a 0 pip movement on 6M within 48 hours following the event release at 11 Oct 12:30 UTC. We expect 6M to trend upwards 48 hours following the event release at 11 Oct 12:30 UTC if the released value is < 5.7% Historical events that allowed us to draw this conclusion
07 Jun 12:30 |
10 May 12:30 |
04 Jan 13:30 |
07 Dec 13:30 |
02 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
