Based on past United Kingdom Balance of Trade news events there is a 80% chance of YM trending upwards. We expect this to happen because the released value is < £-2.2B. A price movement of 8,300 pips is expected. Historical events that allowed us to draw this conclusion
13 Apr 06:00 |
15 Jan 07:00 |
10 Dec 07:00 |
11 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
