Based on past Canada GDP Growth Rate QoQ news events there is a 66.67% chance of ES trending downwards. We expect this to happen because the released value is > -12%. A price movement of 5,587 pips is expected.
Historical events that allowed us to draw this conclusion
29 Nov 13:30 |
30 Aug 12:30 |
30 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
