Based on the last 12 Balance of Trade events in Canada, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < C$-5.55B Historical events that allowed us to draw this conclusion
05 Jun 12:30 |
03 Apr 12:30 |
05 Feb 13:30 |
05 Dec 13:30 |
05 Nov 13:30 |
08 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
