Based on the last 12 Non Farm Payrolls events in United States, we expect a 122 pip movement on USDCAD within 2 hours following the event release at 2023-05-05 12:30. We expect USDCAD to trend downwards 2 hours following the event release at 2023-05-05 12:30 if the released value is > 180K
Historical events that allowed us to draw this conclusion
10 Mar 13:30 |
03 Feb 13:30 |
06 Jan 13:30 |
04 Nov 12:30 |
07 Oct 12:30 |
02 Sep 12:30 |
08 Jul 12:30 |
03 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
