We expect a $148 movement on USDCAD within 4 hours following the event release at 2022-07-29 05:30.

We expect a $148 movement on USDCAD within 4 hours following the release of GDP Growth Rate QoQ 1st Est at 2022-07-29 05:30. We expect USDCAD to trend downwards 4 hours following the event release at 2022-07-29 05:30 if the released value is > 0.2%. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

29 Oct 05:30

30 Jul 05:30

29 Jan 06:30

30 Oct 06:30

31 Jul 05:30

30 Oct 06:30

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