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This Thursday 27 Aug at 12:30 PM GMT the latest US GDP Growth Rate QoQ 2nd Est number will be released.
If the number is equal to than economists’ consensus there is a 80% probability that USDCAD will trend down following the news event.
This probability is based on the last 12 US GDP Growth Rate QoQ 2nd Est events, in which 2 of the last 5 events where the actual number was equal to than the economist consensus resulted in an down trend of USDCAD.
Here are images of the past events:
Thursday 27 Feb at 01:30 PM GMT:
Thursday 30 May at 12:30 PM GMT:
Disclaimer: Past performance may not be indicative of future performance