Based on past Canada GDP Growth Rate QoQ news events there is a 83.33% chance of 6A trending downwards. We expect this to happen because the released value is > 1.5%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
28 Aug 12:30 |
29 May 12:30 |
29 Nov 13:30 |
30 Nov 13:30 |
30 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
