Based on the last 12 GDP Growth Rate QoQ 2nd Est events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards 48 hours following the event release at 2023-02-23 13:30 if the released value is < 2.9%. A price movement of 134 pips is expected. Historical events that allowed us to draw this conclusion
26 May 12:30 |
27 May 12:30 |
25 Nov 13:30 |
28 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
