Based on the last 12 Balance of Trade events in Australia, we expect a 29 pip movement on USDCAD within 12 hours following the event release at 2024-12-05 00:30. We expect USDCAD to trend upwards 12 hours following the event release at 2024-12-05 00:30 if the released value is > A$4.55B
Historical events that allowed us to draw this conclusion
03 Oct 01:30 |
05 Sep 01:30 |
01 Aug 01:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
