We expect USDCAD to trend downwards later today. Based on these past United States JOLTs Job Openings news events there is a 66.67% chance of this. We expect this to happen if the released value is < 7.4M. A price movement of 301 pips is expected. Historical events that allowed us to draw this conclusion
29 Apr 14:00 |
01 Apr 14:00 |
04 Feb 15:00 |
04 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
