Based on past Canada Balance of Trade news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen if the released value is < C$-0.3B. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion
09 May 12:30 |
08 Jan 13:30 |
06 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
