Based on the last 12 Balance of Trade events in United Kingdom, we expect USDCAD to trend upwards for the next 2 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > £-3.8B
Historical events that allowed us to draw this conclusion
09 Aug 08:30 |
10 Jul 08:30 |
10 Jun 08:30 |
09 Nov 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
