We expect a $6928 movement on MW within the next 2 hours. We expect MW to trend upwards 2 hours following the Balance of Trade events in Canada release because the released value is > C$0.8B. A price movement of 1075 pips is expected.
Historical events that allowed us to draw this conclusion
07 Mar 13:30 |
07 Nov 13:30 |
05 Oct 12:30 |
06 Sep 12:30 |
04 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
