22 pip movement on USDCAD expected

Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we expect a 22 pip movement on USDCAD within 4 hours following the event release at 21 Dec 09:30 GMT. We expect USDCAD to trend upwards 4 hours following the event release at 21 Dec 09:30 GMT if the released value is > 0.6%

Historical events that allowed us to draw this conclusion

29 Jun 09:30

23 Dec 09:30

30 Sep 09:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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