Based on the last 12 Balance of Trade events in CA, we expect a $50 movement on NZDUSD within 2 hours following the event release at 05 Oct 12:30.
We expect NZDUSD to trend down 2 hours following the event release at 05 Oct 12:30 if the released value is > C$-0.5B
Historical events that allowed us to draw this conclusion
03 Aug 12:30 |
06 Jun 12:30 |
07 Mar 13:30 |
05 Dec 13:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
