Based on the last 12 Unemployment Rate events in Euro Area, we could expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 03 May 09:00 if the released value is = 6.7%. A price movement of 15 pips could result.

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