Based on past United States Balance of Trade news events there is a 75% chance of USDCAD trending downwards. We expect this to happen because the released value is > $-83B. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

02 Sep 22:30	02 Jul 22:30
04 May 22:30

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