Based on the last 12 Non Farm Payrolls 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 2 hours following the event release at 08 May 22:30 if the released value is > -22000K. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

07 Mar 00:30	08 Feb 00:30
07 Dec 00:30	05 Jul 22:30

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