Based on the last 12 Unemployment Rate events in Euro Area, we expect a 22 pip movement on USDCAD within 2 hours following the event release at 01 Feb 10:00 UTC. We expect USDCAD to trend upwards 2 hours following the event release at 01 Feb 10:00 UTC if the released value is = 7.1%

Historical events that allowed us to draw this conclusion

10 Jan 10:00

02 Dec 10:00

30 Sep 09:00

01 Sep 09:00

01 Feb 10:00