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We expect USDCAD to trend upwards today.

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”).

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