We expect NG to trend downwards for the next 12 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 < 10%. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion
31 May 12:30 |
02 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
