Based on past Euro Area Unemployment Rate news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen because the released value is = 6.5%. A price movement of 126 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 09:00 |
03 Nov 10:00 |
01 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
