We expect USDCAD to trend downwards later today. Based on these past United States Continuing Jobless Claims news events there is a 66.67% chance of this. We expect this to happen if the released value is > 3620K. A price movement of 45 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 22:30	22 Apr 22:30
08 Apr 22:30	01 Apr 23:30

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