We expect USDCAD to trend downwards later today. Based on these past Germany Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is = 5%. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

28 Oct 18:55	01 Jun 17:55
29 Apr 17:55	31 Mar 18:55

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