Based on the last 12 Balance of Trade events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < $-69B Historical events that allowed us to draw this conclusion
03 Nov 12:30 |
07 Sep 12:30 |
07 Jul 12:30 |
05 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
