We expect a $281 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the Continuing Jobless Claims events in United States release because the released value is > 1435K. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 22:30	21 Jul 22:30
30 Jun 22:30	16 Jun 22:30

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