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We expect USDCAD to trend upwards today with a 87.5% chance.

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect USDCAD to trend upwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is = 0.1%

Historical events that allowed us to draw this conclusion

15 Nov 10:00
15 Feb 10:00
16 Nov 10:00
17 Aug 09:00
18 May 09:00
14 Aug 09:00
15 May 09:00

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

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Esperamos que el AUDUSD adopte hoy una tendencia downwards con un 75% de probabilidad.

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We expect a 17387 pip movement on NQ within 4 hours following the event release.

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