Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCAD to trend downwards right now. Based on these past events there is a 75% chance of this. We expect USDCAD to trend downwards for the next 12 hours because the released value is < 19238K. A price movement of 96 pips is expected. Historical events that allowed us to draw this conclusion

23 Apr 22:30	16 Apr 22:30
09 Apr 22:30	02 Apr 23:30
19 Mar 23:30	06 Mar 00:30

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