We expect EURUSD to trend downwards later today. Based on these past Canada GDP Growth Rate Annualized news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1.2%. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
30 Aug 12:30 |
01 Dec 13:30 |
02 Mar 13:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
