We expect CT to trend downwards right now.

Based on the last 12 Balance of Trade events in Canada, we expect CT to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect CT to trend downwards for the next 4 hours because the released value is < C$-0.4B. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion

09 May 12:30

27 Mar 12:30

08 Jan 13:30

06 Dec 13:30

02 Nov 12:30

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