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We expect a 412 pip movement on C for the next 4 hours.

Based on past Canada Balance of Trade news events there is a 80% chance of C trending upwards. We expect this to happen because the released value is < C$-1.2B. A price movement of 412 pips is expected. Historical events that allowed us to draw this conclusion

02 May 12:30
07 Feb 13:30
09 Jan 13:30
08 Aug 12:30
06 Jul 12:30

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

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