Based on the last 12 Balance of Trade events in Japan, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 4 hours following the event release at 17 Sep 23:50 if the released value is > ¥-355.9B. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jul 23:50 |
16 Apr 23:50 |
17 Mar 23:50 |
18 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
