Based on the last 12 Unemployment Rate events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 29 Oct 19:55 if the released value is < 6.3%. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion
30 Jul 17:55 |
01 Jul 17:55 |
31 Mar 18:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).