We expect a $930 movement on USDCAD within 48 hours following the release of Unemployment Rate at 2022-08-12 05:30. We expect USDCAD to trend downwards 48 hours following the event release at 2022-08-12 05:30 if the released value is > 7.3%. A price movement of 119 pips is expected.
Historical events that allowed us to draw this conclusion
19 Nov 06:30 |
13 Aug 05:30 |
10 Nov 06:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
