Based on the last 12 Balance of Trade events in United Kingdom, we expect 6C to trend upwards right now. Based on these past events there is a 80% chance of this. We expect 6C to trend upwards for the next 48 hours because the released value is < £-4.2B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
10 Dec 07:00 |
11 Sep 06:00 |
13 May 06:00 |
09 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
