Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCAD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards for the next 48 hours because the released value is < 2880K. A price movement of 208 pips is expected. Historical events that allowed us to draw this conclusion

05 Aug 22:30	15 Jul 22:30
24 Jun 22:30	10 Jun 22:30

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