Based on past Canada GDP Growth Rate QoQ news events there is a 80% chance of EURUSD trending upwards. We expect this to happen because the released value is > 0.4%. A price movement of 61 pips is expected.
Historical events that allowed us to draw this conclusion
30 Nov 13:30 |
31 Aug 12:30 |
31 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
