Based on the last 12 Unemployment Rate events in Germany, we expect USDCAD to trend downwards. Based on these past events there is a 80% chance of this. We expect USDCAD to trend downwards for 12 hours because the released value is < 5.6%. A price movement of 85 pips is expected. Historical events that allowed us to draw this conclusion

29 Jul 17:55	29 Jan 19:55
01 Dec 19:55	30 Sep 17:55

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