Based on the last 12 Unemployment Rate events in France, we expect USDCAD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend upwards for the next 2 hours because the released value is < 7.8%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
16 Feb 06:30 |
14 May 05:30 |
13 Feb 06:30 |
16 May 05:30 |
14 Feb 06:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).