What to trade around United States GDP Growth Rate QoQ Final news event

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate QoQ Final events in United States, we expect USDCAD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards for the next 12 hours because the released value is < 2.4%. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

28 Jun 13:30

21 Dec 13:30

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

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