Based on the last 12 Claimant Count Change events in United Kingdom, we expect a 60 pip movement on USDCAD within 48 hours following the event release at 12 Nov 09:30 UTC. We expect USDCAD to trend downwards 48 hours following the event release at 12 Nov 09:30 UTC if the released value is > 21.3K
Historical events that allowed us to draw this conclusion
16 Jul 08:30 |
14 May 08:30 |
16 Apr 08:30 |
19 Mar 09:20 |
19 Feb 09:30 |
11 Dec 09:30 |
13 Nov 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
