We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Canada Employment Change news events there is a 71.43% chance of this. We expect this to happen because the released value is > 15K. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jun 12:30 |
10 May 12:30 |
08 Mar 13:30 |
08 Feb 13:30 |
07 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
