Be very careful of upcoming volatility because of Canada GDP Growth Rate Annualized news event later today. Based on the last 12 GDP Growth Rate Annualized events in Canada, we expect a $40 movement on NZDUSD within 12 hours following the event release at 30 Aug 12:30. We expect this to happen if the released value is < 3%. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion
01 Mar 13:30 |
30 Aug 12:30 |
31 May 12:30 |
02 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
