We expect a $1509 movement on SM within the next 2 hours. We expect SM to trend upwards 2 hours following the Balance of Trade events in Canada release because the released value is < C$0.75B. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 13:30 |
05 Nov 13:30 |
08 Oct 12:30 |
04 Sep 12:30 |
02 May 12:30 |
07 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
