Based on the last 12 Balance of Trade events in Canada, we expect a 11 pip movement on USDCHF within 2 hours following the event release at 05 Nov 13:30 UTC. We expect USDCHF to trend downwards 2 hours following the event release at 05 Nov 13:30 UTC if the released value is > C$-0.7B
Historical events that allowed us to draw this conclusion
04 Oct 12:30 |
02 Aug 12:30 |
03 Jul 12:30 |
06 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
