Based on the last 12 Unemployment Rate events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is = 6.1%

Historical events that allowed us to draw this conclusion

05 Jan 19:55	28 Feb 19:55
30 Jan 19:55

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