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This Wednesday 04 Aug at 12:15 PM GMT the latest US ADP Employment Change number will be released.
If the number is greater than than economists’ consensus there is a 75% probability that USDCAD will trend down following the news event.
This probability is based on the last 12 US ADP Employment Change events, in which 3 of the last 4 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.
Here are images of the past events:
Wednesday 30 Jun at 12:15 PM GMT:
Wednesday 03 Feb at 01:15 PM GMT:
Wednesday 30 Sep at 12:15 PM GMT:
Disclaimer: Past performance may not be indicative of future performance