Based on the last 12 Balance of Trade events in United Kingdom, we expect a 4500 pip movement on ES within 12 hours following the event release at 2022-09-12 06:00. We expect ES to trend downwards 12 hours following the event release at 2022-09-12 06:00 if the released value is > £-11.7B
Historical events that allowed us to draw this conclusion
13 Jun 06:00 |
11 Apr 06:00 |
11 Feb 07:00 |
14 Jan 07:00 |
11 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
