We expect USDCAD to trend upwards for the next 12 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 < 3.8%. A price movement of 52 pips is expected. Historical events that allowed us to draw this conclusion
17 May 06:00 |
18 Jan 07:00 |
16 Nov 07:00 |
17 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
