Based on past United States GDP Price Index QoQ 2nd Est news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen because the released value is > 2.4%. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
28 Feb 13:30 |
29 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
