Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect NE to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect NE to trend upwards 12 hours following the event release at 30 Nov 13:30 if the released value is > 0.5%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
02 Mar 13:30 |
28 Aug 12:30 |
29 May 12:30 |
29 Nov 13:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
