Based on the last 12 Unemployment Rate events in Euro Area, 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 2 hours because the released value is = 7.4%. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

30 Sep 09:00

01 Sep 09:00

01 Feb 10:00

02 Dec 10:00