Based on the last 12 Unemployment Change events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 83.33% chance of this. This will happen if the released value is > 2K
Historical events that allowed us to draw this conclusion
01 Jul 07:55 |
29 May 07:55 |
29 Mar 08:55 |
31 Jan 08:55 |
30 Oct 08:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
