What to trade around United States Unemployment Rate news event

Past performance is not an indicator of future results.
Based on the last 12 Unemployment Rate events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 05 Apr 13:30 if the released value is = 3.8%. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

07 Dec 13:30

03 Aug 13:30

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

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