Based on the last 12 Unemployment Rate events in Germany, we expect a 4 pip movement on USDCAD within 2 hours following the event release at 02 Mar 08:55 UTC. We expect USDCAD to trend upwards 2 hours following the event release at 02 Mar 08:55 UTC if the released value is = 6%

Historical events that allowed us to draw this conclusion

01 Sep 07:55

28 Feb 08:55