We expect a $355 movement on USDCAD within 12 hours following the event release at 2025-01-09 00:30.

We expect a $355 movement on USDCAD within 12 hours following the release of Balance of Trade at 2025-01-09 00:30. We expect USDCAD to trend downwards 12 hours following the event release at 2025-01-09 00:30 if the released value is < A$5.750B. A price movement of 51 pips is expected. Historical events that allowed us to draw this conclusion

07 Nov 00:30

04 Jul 01:30

02 May 01:30

07 Mar 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).