HALIFAX 75% probability that USDCAD will trend down on Wednesday 29 Nov at 01:30 PM GMT if the US GDP Growth Rate QoQ 2nd Est number is greater than 3.2%.

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This Wednesday 29 Nov at 01:30 PM GMT the latest US GDP Growth Rate QoQ 2nd Est number will be released.
If the number is greater than than economists’ consensus there is a 75% 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 6 of the last 8 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.

Here are images of the past events:

2017-05-26T12:30:00.000Z:
2016-11-29T13:30:00.000Z:
2016-02-26T13:30:00.000Z:
2015-11-24T13:30:00.000Z:
2015-08-27T13:30:00.000Z:
2014-11-25T13:30:00.000Z:

Disclaimer: Past performance may not be indicative of future performance

Posted on November 28, 2017 in Halifax_en_gb

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