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We expect USDCAD to trend downwards today with a 66.67% chance.

We expect USDCAD to trend downwards later today. Based on these past Australia Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is > 5.3%. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jun 01:30
16 May 01:30

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

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XAU/USD Target Level: 1484.3000

XAU/USD Target Level: 1484.3000

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We expect a 1 pip movement on ED within 4 hours following the event release.

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