Based on the last 12 Unemployment Rate events in Euro Area, we expect USDCAD to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 04 Mar 10:00 if the released value is < 8.3%. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 10:00

01 Sep 09:00

02 Jul 09:00

03 Jun 09:00

01 Apr 09:00