Based on past United States Balance of Trade news events there is a 80% chance of EURUSD trending upwards. We expect this to happen because the released value is < $-54.6B. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion
03 Jul 12:30 |
06 Jun 12:30 |
06 Mar 13:30 |
06 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
