What to trade around Canada Unemployment Rate news event

Based on the last 12 Unemployment Rate events in Canada, we expect USDCHF to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend downwards 2 hours following the event release at 07 Dec 13:30 if the released value is = 5.8%. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

05 Oct 13:30

11 May 13:30

06 Apr 13:30

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

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