We expect USDCAD to trend downwards right now.

Based on the last 12 GDP Growth Rate YoY Prel events in United Kingdom, we expect USDCAD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards for the next 4 hours because the released value is < 1.4%. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

27 Apr 08:30

28 Apr 08:30

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