Based on the last 12 Balance of Trade events in CA, we expect GBPUSD to trend up. Based on these past events there is a 80.0% of this.
We expect GBPUSD to trend up for 2 hours because the released value is > C$-0.5B. A price movement of 41 pips is expected.
Historical events that allowed us to draw this conclusion
05 Sep 12:30 |
06 Jun 12:30 |
07 Mar 13:30 |
05 Dec 13:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
