Based on the last 12 Balance of Trade events in United Kingdom, we expect a $167.996 movement on USDCAD within 2 hours following the event release at 14 Jan 07:00. We expect USDCAD to trend upwards 2 hours following the event release at 14 Jan 07:00 if the released value is < £-2.7B Historical events that allowed us to draw this conclusion
12 Aug 06:00 |
13 Apr 06:00 |
12 Feb 07:00 |
15 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
