Based on the last 12 Employment Change events in Canada, we expect DX to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect DX to trend downwards 2 hours following the event release at 09 Jul 12:30 if the released value is < 195K. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion
04 Jun 12:30 |
07 May 12:30 |
05 Feb 13:30 |
06 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
