Based on the last 12 Balance of Trade events in Canada, we may expect YM to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is < C$1.5B. A price movement of 19350 pips may be experienced. Historical events that allowed us to draw this conclusion
09 Jan 13:30 |
08 Aug 12:30 |
06 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
