What to trade around United States Continuing Jobless Claims news event

Past performance is not an indicator of future results.
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 80% chance of this. We expect USDCAD to trend upwards for the next 48 hours because the released value is < 1735K. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

08 Nov 13:30
01 Nov 12:30
25 Oct 13:30

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

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