DE Balance of Trade News Event – a $225.48 opportunity on USDCAD
We expect a $225.48 movement on USDCAD within the next 2 hours.
We expect USDCAD to trend up 2 hours following the Balance of Trade events in DE release because the released value is > €17.7B. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
|08 Jun 06:00
|08 May 06:00
|09 Jan 07:00
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)