Based on the last 12 Balance of Trade events in CA, we expect GBPUSD to trend down later today. Based on these past events there is a 71.4% of this.
We expect GBPUSD to trend down 4 hours following the event release at 09 May 12:30 if the released value is < C$-1.5B. A price movement of 19 pips is expected.Historical events that allowed us to draw this conclusion
|27 Mar 12:30|
|06 Mar 13:30|
|08 Jan 13:30|
|02 Nov 12:30|
|03 May 12:30|
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)