Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect GC to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend upwards 2 hours following the event release at 28 Feb 13:30 if the released value is > 0.1%. A price movement of 300 pips is expected.
Historical events that allowed us to draw this conclusion
29 Nov 13:30 |
30 Aug 12:30 |
31 Aug 12:30 |
31 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
