Based on past Germany Unemployment Rate news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is < 6%. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion

01 Dec 19:55	29 Oct 19:55
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”).