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We expect ZO to trend downwards today.

Based on the last 12 Employment Change events in Canada, we expect ZO to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect ZO to trend downwards 2 hours following the event release at 08 Nov 13:30 if the released value is > 15.9K. A price movement of 237 pips is expected.

Historical events that allowed us to draw this conclusion

07 Dec 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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