Based on past United States Continuing Jobless Claims news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen if the released value is > 7700K. A price movement of 40 pips is expected.

Historical events that allowed us to draw this conclusion

24 Sep 22:30

27 Aug 22:30

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