We expect a $343 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the Balance of Trade events in Canada release because the released value is < C$2B. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
05 Apr 12:30 |
05 Jan 13:30 |
05 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
