We expect USDCAD to trend downwards later today. Based on these past Japan Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < ¥-150B. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
21 May 23:50 |
19 Feb 23:50 |
22 Jan 23:50 |