What to trade around Germany GDP Growth Rate QoQ Flash news event

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect USDCAD to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend upwards for the next 12 hours because the released value is < 0.1%. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 07:00

15 May 07:00

15 Aug 07:00

12 May 07:00

14 Feb 07:00

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

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