Based on the last 12 Balance of Trade events in United Kingdom, we expect 6J to trend downwards. Based on these past events there is a 80% chance of this. We expect 6J to trend downwards for 48 hours because the released value is > £-3.2B. A price movement of 0 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 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
