We expect USDCAD to trend upwards later today. Based on these past United Kingdom Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is = 4.2%. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

14 Dec 18:00	14 Sep 16:00
15 Jun 16:00	23 Feb 18:00

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