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Based on the last 12 Claimant Count Change events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 87.5% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 14 Sep 16:00 if the released value is < -26K. A price movement of 115 pips is expected. Historical events that allowed us to draw this conclusion
15 Jun 16:00 |
18 May 16:00 |
20 Apr 16:00 |
23 Feb 18:00 |
10 Nov 18:00 |
13 Oct 17:00 |
15 Sep 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).