We expect USDJPY to trend downwards later today. Based on these past Canada GDP Growth Rate Annualized news events there is a 80% chance of this. We expect this to happen if the released value is < 2%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
30 Aug 13:30 |
31 May 13:30 |
31 Aug 13:30 |
31 May 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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