Based on the last 12 Balance of Trade events in Canada, we may expect USDCHF to trend downwards right now. Based on these past events there is a 87.5% chance of this. We made this conclusion because the released value is < C$-4.75B. A price movement of 27 pips may be experienced. Historical events that allowed us to draw this conclusion
05 Aug 12:30 |
05 Jun 12:30 |
03 Apr 12:30 |
05 Feb 13:30 |
05 Dec 13:30 |
08 Oct 12:30 |
04 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
