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We expect a $5494 movement on SM within the next 4 hours.

Based on the last 12 GDP Growth Rate QoQ events in Canada, we could see a $5494 movement on SM within the next 4 hours. We may see SM trend downwards for 4 hours because the released value is < 0.4% Historical events that allowed us to draw this conclusion

31 May 12:30
30 Nov 13:30
01 Sep 12:30
28 Feb 13:30
31 May 12:30

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

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We expect a $290 movement on NZDUSD within 12 hours following the release of GDP Growth Rate QoQ.

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