Trade with an edge around todays Canada Balance of Trade news event

Past performance is not an indicator of future results.
Based on past Canada Balance of Trade news events there is a 71.43% chance of USDCHF trending downwards. We expect this to happen because the released value is < C$-2.8B. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 13:30
06 Dec 13:30
06 Jul 13:30
05 Apr 13:30
06 Feb 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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