Based on the last 12 Employment Change events in Canada, we expect a $420 movement on GBPUSD within 48 hours following the event release at 07 Dec 13:30. We expect GBPUSD to trend upwards 48 hours following the event release at 07 Dec 13:30 if the released value is < 11K
Historical events that allowed us to draw this conclusion
07 Sep 13:30 |
08 Jun 13:30 |
09 Mar 13:30 |
09 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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