Based on the last 12 Balance of Trade events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 4 hours following the event release at 13 Oct 17:00 if the released value is < £-2.8B. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

12 Aug 16:00	13 Apr 16:00
12 Feb 18:00	15 Jan 18:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).