We expect USDCAD to trend upwards later today. Based on these past Switzerland GDP Growth Rate QoQ news events there is a 66.67% chance of this. We expect this to happen if the released value is < 0.2%. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion
28 Feb 06:45 |
29 Nov 06:45 |
05 Sep 05:45 |
02 Mar 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
