Based on past Canada Balance of Trade news events there is a 80% chance of C trending upwards. We expect this to happen because the released value is < C$-1.2B. A price movement of 412 pips is expected. Historical events that allowed us to draw this conclusion
02 May 12:30 |
07 Feb 13:30 |
09 Jan 13:30 |
08 Aug 12:30 |
06 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
