Based on the last 12 Balance of Trade events in Canada, we expect CT to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect CT to trend downwards for the next 4 hours because the released value is < C$-0.4B. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion
09 May 12:30 |
27 Mar 12:30 |
08 Jan 13:30 |
06 Dec 13:30 |
02 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
