TradersNews 80% probability that USDCAD will trend up on Wednesday 05 Feb at 01:30 PM GMT if the CA Balance of Trade number is less than C$-0.61B.

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This Wednesday 05 Feb at 01:30 PM GMT the latest CA Balance of Trade number will be released.
If the number is less than than economists’ consensus there is a 80% probability that USDCAD will trend up following the news event.

This probability is based on the last 12 CA Balance of Trade events, in which 4 of the last 5 events where the actual number was less than than the economist consensus resulted in an up trend of USDCAD.

Here are images of the past events:

Tuesday 05 Nov at 01:30 PM GMT:

Thursday 09 May at 12:30 PM GMT:

Wednesday 27 Mar at 12:30 PM GMT:

Wednesday 06 Mar at 01:30 PM GMT:

Disclaimer: Past performance may not be indicative of future performance