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We expect a 159 pip movement on CL within 2 hours following the event release.

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”).

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