Based on the last 12 Non Farm Payrolls events in United States, we expect a 67 pip movement on USDCAD for the next 48 hours. We expect USDCAD to trend downwards for 48 hours because the released value is > 400K
Historical events that allowed us to draw this conclusion
04 Feb 13:30 |
05 Nov 12:30 |
02 Jul 12:30 |
05 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
