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There is a 75% chance of NKD trending downwards

Based on the last 12 Balance of Trade events in Canada, we expect a 41 pip movement on NKD within 2 hours following the event release at 2025-09-04 12:30. We expect NKD to trend downwards 2 hours following the event release at 2025-09-04 12:30 if the released value is < C$-4.75B Historical events that allowed us to draw this conclusion

05 Aug 12:30
05 Jun 12:30
03 Apr 12:30
05 Feb 13:30
05 Dec 13:30
04 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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