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:
Disclaimer: Past performance may not be indicative of future performance