Based on the last 12 Balance of Trade events in United Kingdom, we expect 6A to trend upwards later today. Based on these past events there is a 75% chance of this. We expect 6A to trend upwards 48 hours following the event release at 15 Jan 07:00 if the released value is > £-1.2B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
12 Nov 07:00 |
09 Oct 06:00 |
12 Aug 06:00 |
14 Jul 06:00 |
12 Jun 06:00 |
11 Feb 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
