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We expect USDCAD to trend upwards with a 75% chance.

Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect USDCAD to trend upwards. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards for 4 hours because the released value is = 0.2%. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

31 Jan 10:00
02 May 09:00
31 Oct 10:00
01 Aug 09:00
03 May 09:00
31 Oct 10:00

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

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After experiencing a 9.42% bearish move in the space of 10 days, nobody knows where BTCEUR is headed.

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We expect USDCAD to trend downwards for the next 2 hours.

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