Be very careful of upcoming volatility because of Canada Balance of Trade news event later today. Based on the last 12 Balance of Trade events in Canada, we expect a $21.124 movement on GF within 2 hours following the event release at 04 Sep 12:30. We expect this to happen if the released value is < C$-0.4B. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
