We expect a $310 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards 2 hours following the GDP Growth Rate QoQ events in Canada release because the released value is < 0.2%. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion
29 Nov 13:30 |
31 May 12:30 |
29 Feb 13:30 |
28 Feb 13:30 |
31 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
