Based on the last 12 GDP Growth Rate YoY Prel events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is = 1.4%
Historical events that allowed us to draw this conclusion
10 May 08:30 |
09 Nov 09:30 |
26 Jul 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
