We expect 6A to trend downwards right now.

Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect 6A to trend downwards right now. Based on these past events there is a 80% chance of this. We expect 6A to trend downwards for the next 2 hours because the released value is > 0.4%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

30 Nov 13:30

30 Aug 12:30

31 May 12:30

31 Aug 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).