Based on the last 12 Unemployment Change events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 12 hours following the event release at 04 Jan 08:55 if the released value is < -15K. A price movement of 80 pips is expected. Historical events that allowed us to draw this conclusion
30 Nov 08:55 |
29 Jul 07:55 |
31 Mar 07:55 |
29 Jan 08:55 |
05 Jan 08:55 |
01 Dec 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
