Based on the last 12 Balance of Trade events in Canada, we could see a 13500 pip movement on NIY for the next 4 hours. NIY could trend downwards for 4 hours because the released value is > C$-1.4B
Historical events that allowed us to draw this conclusion
04 Apr 12:30 |
06 Dec 13:30 |
05 Oct 12:30 |
06 Sep 12:30 |
07 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
