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We expect a $543.672 movement on USDCAD within 48 hours following the event release at 14 Aug 09:00.

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a $543.672 movement on USDCAD within 48 hours following the event release at 14 Aug 09:00. We expect USDCAD to trend downwards 48 hours following the event release at 14 Aug 09:00 if the released value is = 0.2%

Historical events that allowed us to draw this conclusion

14 Feb 10:00
14 Nov 10:00
15 May 09:00
14 Feb 10:00
16 Aug 09:00
16 May 09:00
15 Nov 10:00
12 Aug 09:00

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

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We expect a $220 movement on GBPUSD within 12 hours following the event release at 14 Aug 08:30.

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We expect USDCHF to trend upwards today with a 66.67% chance.

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