We expect USDCAD to trend upwards for the next 2 hours. Based on these past United States GDP Growth Rate QoQ 2nd Est news events there is a 80% chance of this. We expect this to happen because the released value is > -0.3%. A price movement of 37 pips is expected.
Historical events that allowed us to draw this conclusion
29 Aug 12:30 |
29 Nov 13:30 |
25 May 12:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
