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There is a 80% chance of YM trending upwards

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”).

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We expect HG to trend upwards today with a 71.43% chance.

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