We expect USDCAD to trend downwards later today. Based on these past United Kingdom Balance of Trade news events there is a 80% chance of this. We expect this to happen if the released value is > £-3.4B. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jul 11:00

11 Jun 06:00

12 May 06:00

12 Nov 07:00