Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we may expect USDCAD to trend upwards right now. Based on these past events there is a 77.78% chance of this. We made this conclusion because because the released value is > 0%. A price movement of 32 pips may be experienced.
Historical events that allowed us to draw this conclusion
28 Apr 08:00 |
31 Jan 10:00 |
31 Oct 09:00 |
29 Jul 08:00 |
31 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
