Based on past United States Continuing Jobless Claims news events there is a 70% chance of USDCAD trending downwards. We expect this to happen if the released value is < 4700K. A price movement of 54 pips is expected. Historical events that allowed us to draw this conclusion

29 Jan 00:30	22 Jan 00:30
15 Jan 00:30	01 Jan 00:30
24 Dec 00:30	04 Dec 00:30
20 Nov 00:30

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