Be very careful of upcoming volatility because of Canada GDP Growth Rate QoQ news event later today. Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect a $610 movement on EURUSD within 48 hours following the event release at 30 Aug 12:30. We expect this to happen if the released value is > 0.4%. A price movement of 61 pips is expected.
Historical events that allowed us to draw this conclusion
30 Nov 13:30 |
31 Aug 12:30 |
31 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
