Based on the last 12 GDP Growth Rate YoY events in Switzerland, we expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 05 Sep 05:45 if the released value is > 0.9%. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
28 May 05:45 |
06 Sep 05:45 |
01 Mar 06:45 |
30 Nov 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
