Based on the last 12 GDP Price Index QoQ Adv events in US, we expect USDCAD to trend down later today. Based on these past events there is a 71.4% of this.
We expect USDCAD to trend down 4 hours following the event release at 26 Oct 12:30 if the released value is > 2.1%. A price movement of 32 pips is expected.
Historical events that allowed us to draw this conclusion
27 Oct 12:30 |
28 Oct 12:30 |
29 Jul 12:30 |
28 Apr 12:30 |
30 Jul 13:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
