Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect a 49000 pip movement on NIY within 48 hours following the event release at 2024-02-29 13:30. We expect NIY to trend upwards 48 hours following the event release at 2024-02-29 13:30 if the released value is < 0.3% Historical events that allowed us to draw this conclusion
01 Sep 12:30 |
28 Feb 13:30 |
31 May 12:30 |
31 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
