We expect USDCAD to trend upwards later today. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. We expect this to happen if the released value is = 2%. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

18 May 09:00

15 May 09:00

14 Nov 10:00

14 Aug 09:00

15 May 09:00

14 Feb 10:00