Based on the last 12 Unemployment Rate events in United Kingdom, we could expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 14 Jun 16:00 if the released value is < 3.6%. A price movement of 52 pips could result. Historical events that allowed us to draw this conclusion

17 May 16:00	18 Jan 18:00
16 Nov 18:00	17 Aug 16:00

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