Be very careful of upcoming volatility because of Japan GDP Growth Annualized Prel news event later today. Based on the last 12 GDP Growth Annualized Prel events in Japan, we expect a $98.233 movement on USDCAD within 2 hours following the event release at 08 Aug 23:50. We expect this to happen if the released value is > 0.4%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
09 Aug 23:50 |
14 Nov 23:50 |
13 Aug 23:50 |
17 May 23:50 |
13 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
