Based on past Canada GDP Growth Rate Annualized news events there is a 80% chance of USDCHF trending downwards. We expect this to happen because the released value is > 3%. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
|01 Dec 13:30|
|31 Aug 12:30|
|31 May 12:30|
|02 Mar 13:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).