Based on past Canada GDP Growth Rate QoQ news events there is a 75% chance of DX trending downwards. We expect this to happen if the released value is > 0.3%. A price movement of 189 pips is expected.
Historical events that allowed us to draw this conclusion
28 Feb 13:30 |
31 May 12:30 |
29 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
