Based on the last 12 Balance of Trade events in Canada, we expect LB to trend upwards. Based on these past events there is a 66.67% chance of this. We expect LB to trend upwards for 12 hours because the released value is > C$-1.15B. A price movement of 980 pips is expected.
Historical events that allowed us to draw this conclusion
05 Dec 13:30 |
04 Oct 12:30 |
02 Aug 12:30 |
03 Jul 12:30 |
06 Jun 12:30 |
17 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
