Based on the last 12 Balance of Trade events in Canada, we expect ZT to trend downwards later today. Based on these past events there is a 80% chance of this. We expect ZT to trend downwards 4 hours following the event release at 04 Oct 12:30 if the released value is > C$-1B. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
02 Aug 12:30 |
03 Jul 12:30 |
06 Jun 12:30 |
05 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
