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We expect DC to trend downwards today with a 71.43% chance.

We expect DC to trend downwards later today. Based on these past Canada Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < C$-0.7B. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

09 May 12:30
02 Nov 12:30

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

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GBP/USD Target Level: 1.2976

GBP/USD Target Level: 1.2976

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We expect a 1,125 pip movement on ZW within 48 hours following the event release.

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