Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, a $101.516 movement could occur on USDCAD within 2 hours following the event release at 17 May 23:50. We expect USDCAD to trend downwards 2 hours following the event release at 17 May 23:50 if the released value is > -0.4%
Historical events that allowed us to draw this conclusion
14 Feb 23:50 |
15 Nov 23:50 |
17 May 23:50 |
08 Aug 23:50 |
19 May 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
