Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect USDCAD to trend upwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
15 Nov 10:00 |
15 Feb 10:00 |
16 Nov 10:00 |
17 Aug 09:00 |
18 May 09:00 |
14 Aug 09:00 |
15 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
