We expect GBPUSD to trend downwards later today. Based on these past Canada Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is = 5.5%. A price movement of 43 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jul 12:30 |
05 Apr 12:30 |
08 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
