Based on the last 12 Balance of Trade events in Canada, we expect PL to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect PL to trend upwards 2 hours following the event release at 07 Jan 13:30 if the released value is < C$-1.15B. A price movement of 989 pips is expected. Historical events that allowed us to draw this conclusion
05 Nov 13:30 |
04 Sep 12:30 |
09 May 12:30 |
08 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
