Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 12 hours following the event release at 03 Jun 22:30 if the released value is < 3615K. A price movement of 55 pips is expected. Historical events that allowed us to draw this conclusion

27 May 22:30

12 Mar 00:30

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