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We expect a $186.537 movement on USDCAD within 2 hours following the release of Balance of Trade at 08 May 16:00. We expect USDCAD to trend downwards 2 hours following the event release at 08 May 16:00 if the released value is > €17B. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
09 Apr 16:00 |
09 Mar 18:00 |
10 Oct 17:00 |
09 Sep 16:00 |
09 Aug 16:00 |
08 Jul 16:00 |
07 Jun 16:00 |
10 May 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).