Based on the last 12 Unemployment Rate events in Canada, we expect a 65 pip movement on USDCHF within 2 hours following the event release at 2024-11-08 13:30. We expect USDCHF to trend downwards 2 hours following the event release at 2024-11-08 13:30 if the released value is < 6.6% Historical events that allowed us to draw this conclusion
11 Oct 12:30 |
09 Aug 12:30 |
09 Feb 13:30 |
05 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
