Based on the last 12 Balance of Trade events in Canada, we could see a 51 pip movement on GBPUSD for the next 2 hours. GBPUSD could trend downwards for 2 hours because the released value is < C$-1.2B Historical events that allowed us to draw this conclusion
02 May 12:30 |
07 Feb 13:30 |
09 Jan 13:30 |
06 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
