Based on the last 12 Unemployment Rate events in Canada, we expect GF to trend upwards later today. Based on these past events there is a 87.5% chance of this. We expect GF to trend upwards 48 hours following the event release at 2024-02-09 13:30 if the released value is < 5.9%. A price movement of 2144 pips is expected. Historical events that allowed us to draw this conclusion
05 Jan 13:30 |
06 Oct 12:30 |
08 Sep 12:30 |
05 May 12:30 |
06 Apr 12:30 |
10 Mar 13:30 |
10 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).