Based on past Canada Balance of Trade news events there is a 80% chance of ZO trending upwards. We expect this to happen because the released value is > C$-1B. A price movement of 387 pips is expected.
Historical events that allowed us to draw this conclusion
02 Aug 12:30 |
03 Jul 12:30 |
06 Jun 12:30 |
17 Apr 12:30 |
05 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
