We expect DC to trend downwards later today. Based on these past Canada Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < C$-0.7B. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
09 May 12:30 |
02 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
