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We expect S to trend downwards with a 75% chance.

Based on the last 12 Unemployment Rate events in Canada, S may trend downwards for the next 12 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > 6.8%

Historical events that allowed us to draw this conclusion

06 Dec 13:30
06 Sep 12:30
05 Jul 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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