We expect LB to trend downwards for the next 2 hours. Based on these past Canada GDP Growth Rate QoQ news events there is a 66.67% chance of this. We expect this to happen because the released value is > -2.6%. A price movement of 950 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
