Based on the last 12 GDP Growth Rate YoY Adv events in Italy, we expect a 60 pip movement on USDCAD for the next 12 hours. We expect USDCAD to trend downwards for 12 hours because the released value is > -0.2%
Historical events that allowed us to draw this conclusion
30 Apr 10:00 |
14 Nov 09:00 |
16 Aug 08:00 |
15 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
