Balance of Trade

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Based on the last 12 Balance of Trade events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend downwards 12 hours following the event release at 2023-04-05 12:30 if the released value is < $-69B. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion

03 Nov 12:30
07 Sep 12:30
07 Jul 12:30
04 May 12:30

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