We expect USDCAD to trend upwards later today. Based on these past United Kingdom Claimant Count Change news events there is a 75% chance of this. We expect this to happen if the released value is < 35K. A price movement of 61 pips is expected. Historical events that allowed us to draw this conclusion

10 Nov 18:00	13 Oct 17:00
15 Sep 16:00	16 Jul 16:00
21 Apr 16:00	17 Mar 20:30

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