Based on the last 12 Continuing Jobless Claims events in United States, we expect a 259 pip movement on USDCAD within 48 hours following the event release at 2022-07-07 22:30. We expect USDCAD to trend downwards 48 hours following the event release at 2022-07-07 22:30 if the released value is > 1327K

Historical events that allowed us to draw this conclusion

16 Jun 22:30	09 Jun 22:30
28 Apr 22:30

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