Based on the last 12 GDP Growth Rate YoY Flash events in Euro Area, we expect USDCAD to trend downwards for the next 2 hours. Based on these past events there is a 75% chance of this. This will happen because the released value is > 1%
Historical events that allowed us to draw this conclusion
30 Apr 09:00 |
31 Jan 10:00 |
29 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
