Be very careful of upcoming volatility. We expect a $98.233 movement on USDCAD.

Be very careful of upcoming volatility because of Japan GDP Growth Annualized Prel news event later today. Based on the last 12 GDP Growth Annualized Prel events in Japan, we expect a $98.233 movement on USDCAD within 2 hours following the event release at 08 Aug 23:50. We expect this to happen if the released value is > 0.4%. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

09 Aug 23:50
14 Nov 23:50
13 Aug 23:50
17 May 23:50
13 Nov 23:50

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

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