Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 29 Oct 08:00 if the released value is > 2%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 08:00

30 Oct 09:00

30 Apr 10:00

31 Oct 11:00

31 Jul 10:00

30 Apr 10:00