Based on the last 12 Unemployment Rate events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 6.2%
Historical events that allowed us to draw this conclusion
05 Feb 00:30 |
09 Jul 22:30 |
07 May 22:30 |
06 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).