We expect USDCAD to trend upwards later today. Based on these past United Kingdom Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is = 3.7%. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jan 18:00	13 Dec 18:00
16 Aug 16:00	12 Apr 16:00

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