Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect a $0.498 movement on HG within 48 hours following the event release at 01 Mar 13:30. We expect HG to trend downwards 48 hours following the event release at 01 Mar 13:30 if the released value is > 1.6%
Historical events that allowed us to draw this conclusion
30 Nov 13:30 |
02 Mar 13:30 |
29 Nov 13:30 |
30 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
