Based on past Japan Balance of Trade news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is > ¥420B. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jun 23:50 |
16 Apr 23:50 |
17 Oct 23:50 |
18 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
