Based on the last 12 Balance of Trade events in Canada, we could see a 79 pip movement on USDCHF for the next 12 hours. USDCHF could trend downwards for 12 hours because the released value is > C$0.1B
Historical events that allowed us to draw this conclusion
04 May 12:30 |
08 Mar 13:30 |
07 Feb 13:30 |
07 Sep 12:30 |
04 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
