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”).