Based on the last 12 GDP Growth Rate QoQ events in Australia, we may see a 38 pip movement on USDCAD within 12 hours following the event release at 01 Jun 01:30 UTC. USDCAD may trend downwards 12 hours following the event release at 01 Jun 01:30 UTC if the released value is > 0.5%
Historical events that allowed us to draw this conclusion
02 Mar 00:30 |
01 Dec 00:30 |
01 Sep 01:30 |
03 Mar 00:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
