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Want to know why USDCAD is going up today?

Want to know why USDCAD is going up today?

Based on the last 12 GDP Growth Rate YoY Flash events in EMU, we expect a $152.58 movement on USDCAD within 4 hours following the event release at 30 Oct 10:00.
We expect USDCAD to trend up 4 hours following the event release at 30 Oct 10:00 if the released value is = 1.8%

Historical events that allowed us to draw this conclusion

02 May 09:00
 
01 Aug 09:00
 
03 May 09:00
 
31 Oct 10:00
 
12 Feb 10:00
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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