We expect USDCAD to trend downwards for the next 48 hours. Based on these past United Kingdom Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is < 4.3%. A price movement of 122 pips is expected. Historical events that allowed us to draw this conclusion
14 Nov 07:00 |
13 Jun 06:00 |
11 Oct 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
