Based on the last 12 Unemployment Rate events in United States, we expect a 62 pip movement on USDCAD within 12 hours following the event release at 01 Nov 12:30 UTC. We expect USDCAD to trend downwards 12 hours following the event release at 01 Nov 12:30 UTC if the released value is = 3.6%
Historical events that allowed us to draw this conclusion
06 Sep 12:30 |
02 Aug 12:30 |
07 Jun 12:30 |
07 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
