Are you on the right side of the US Continuing Jobless Claims news event?
Based on the last 12 Continuing Jobless Claims events in US, we expect USDCAD to trend up later today. Based on these past events there is a 83.3% of this.
We expect USDCAD to trend up 4 hours following the event release at 14 Mar 12:30 if the released value is < 1775K. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion
|07 Mar 13:30
|21 Feb 13:30
|14 Feb 13:30
|07 Feb 13:30
|31 Jan 13:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)