Based on the last 12 GDP Growth Rate YoY Flash events in EMU, we expect USDCAD to trend down right now. Based on these past events there is a 75.0% of this.
We expect USDCAD to trend down for the next 2 hours because the released value is > 1.1%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
29 Jul 09:00 |
29 Apr 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
