Based on the last 12 GDP Growth Rate Annualized events in Canada, we expect HE to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect HE to trend upwards 2 hours following the event release at 29 Nov 13:30 if the released value is > 1.2%. A price movement of 109 pips is expected.
Historical events that allowed us to draw this conclusion
30 Aug 12:30 |
01 Dec 13:30 |
31 Aug 12:30 |
31 May 12:30 |
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”).
