Based on the last 12 Unemployment Rate events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 6.4% Historical events that allowed us to draw this conclusion

30 Jul 17:55

01 Jul 17:55

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