Based on past Germany Unemployment Rate news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen because the released value is < 5.5%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

01 Feb 19:55

04 Jan 19:55

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