Based on the last 12 Unemployment Rate events in France, we expect USDCAD to trend upwards. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards for 12 hours because the released value is > 8.4%. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
23 May 05:30 |
17 Nov 06:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
