We expect EURUSD to trend downwards later today. Based on these past Canada GDP Growth Rate QoQ news events there is a 80% chance of this. We expect this to happen if the released value is > 0.2%. A price movement of 39 pips is expected.
Historical events that allowed us to draw this conclusion
30 May 12:30 |
28 Feb 13:30 |
31 May 12:30 |
29 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
