We expect a $343 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the Balance of Trade events in Canada release because the released value is < C$1.5B. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
07 Feb 13:30 |
09 Jan 13:30 |
06 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
