We expect USDCAD to trend downwards for the next 2 hours. Based on these past Germany Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen because the released value is = 6%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 19:55

05 Jan 19:55

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