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We expect USDCAD to trend downwards for the next 2 hours.

Based on the last 12 GDP Growth Rate YoY Flash events in Euro Area, we expect USDCAD to trend downwards for the next 2 hours. Based on these past events there is a 75% chance of this. This will happen because the released value is > 1%

Historical events that allowed us to draw this conclusion

30 Apr 09:00
31 Jan 10:00
29 Jul 09:00

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

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We expect USDCAD to trend upwards with a 75% chance.

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