Want to know why USDCAD is going downwards today?

Based on the last 12 Continuing Jobless Claims events in United States, we expect a $627 movement on USDCAD within 12 hours following the event release at 2023-02-10 00:30. We expect USDCAD to trend downwards 12 hours following the event release at 2023-02-10 00:30 if the released value is > 1658K

Historical events that allowed us to draw this conclusion

27 Jan 00:30
30 Dec 00:30
09 Dec 00:30
24 Nov 00:30
18 Nov 00:30

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