Based on past Canada Employment Change news events there is a 80% chance of KW trending downwards. We expect this to happen if the released value is < 700K. A price movement of 3,150 pips is expected. Historical events that allowed us to draw this conclusion
09 Apr 12:30 |
06 Dec 13:30 |
09 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
