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We expect BO to trend downwards today with a 71.43% chance.

We expect BO to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 71.43% chance of this. We expect this to happen if the released value is > -15. A price movement of 80 pips is expected.

Historical events that allowed us to draw this conclusion

17 Dec 00:01
19 Nov 00:01
20 May 23:01
19 Mar 00:01
22 Jan 00:01

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

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We expect a $0.86 movement on HG within 48 hours following the event release at 20 Jan 23:30.

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AUD/USD is approaching 0.7200. We expect either a breakout through this line, or a rebound.

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