Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect a 159 pip movement on CL within 2 hours following the event release at 30 Nov 13:30 UTC. We expect CL to trend downwards 2 hours following the event release at 30 Nov 13:30 UTC if the released value is > 0.5%
Historical events that allowed us to draw this conclusion
28 Aug 12:30 |
29 Nov 13:30 |
30 Aug 12:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
