Date | Friday 28th August 2020 |
Time | 12:30 |
CAD GDP MoM is released prior to the US session. Historically we have seen a good spike with any deviation from the forecast and follow through usually occurs quickly.
If a trade is triggered, expect a spike in excess of 50 pips.
What happened last time?
CAD GDP MoM – 20-07-31 | |
Time | 12:30 |
Forecast | 3.5 |
Actual | 4.5 |
Deviation | +1 |
One minute spike | 11 pips |
How we setup
Main Event | CAD GDP MoM |
Market | USD/CAD |
Deviation | +/-0.5 |
Prior | 4.5 |
Forecast | 5.6 |
Triggers |
Buy <5.2 Sell >6 |