Based on the last 12 Adp Employment Change events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 03 Dec 00:15 if the released value is < 410K. A price movement of 63 pips is expected. Historical events that allowed us to draw this conclusion

05 Nov 00:15	05 Aug 22:15
01 Jul 22:15	06 May 22:15

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