We expect GBPUSD to trend upwards later today. Based on these past Canada GDP Growth Rate QoQ news events there is a 80% chance of this. We expect this to happen if the released value is > 0.4%. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
03 Mar 00:30 |
28 Aug 22:30 |
29 May 22:30 |
30 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).