Based on past Canada Balance of Trade news events there is a 75% chance of SM trending upwards. We expect this to happen because the released value is < C$-5.55B. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion
04 Sep 12:30 |
05 Jun 12:30 |
03 Apr 12:30 |
05 Dec 13:30 |
05 Nov 13:30 |
08 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
