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We expect a 52 pip movement on USDCAD within 48 hours following the event release.

Based on the last 12 Continuing Jobless Claims events in United States, we expect a 52 pip movement on USDCAD within 48 hours following the event release at 26 Sep 12:30 UTC. We expect USDCAD to trend upwards 48 hours following the event release at 26 Sep 12:30 UTC if the released value is < 1665K Historical events that allowed us to draw this conclusion

19 Sep 12:30
12 Sep 12:30
29 Aug 12:30
22 Aug 12:30
25 Jul 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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