Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect 6A to trend downwards right now. Based on these past events there is a 80% chance of this. We expect 6A to trend downwards for the next 2 hours because the released value is > 0.4%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
30 Nov 13:30 |
30 Aug 12:30 |
31 May 12:30 |
31 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
