We expect USDCAD to trend downwards later today. Based on these past Canada Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is < 5.7%. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion
07 Jun 12:30 |
10 May 12:30 |
04 Jan 13:30 |
07 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
