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Trade with an edge around todays DE Balance of Trade news event

Trade with an edge around todays DE Balance of Trade news event

Based on past DE Balance of Trade news events there is a 85.7% of GBPUSD trending up
We expect this to happen because the released value is < €19.1B. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

07 Sep 06:00
 
07 Aug 06:00
 
09 Jul 06:00
 
09 Apr 06:00
 
08 Dec 07:00
 
10 Oct 06:00
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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