Based on the last 12 Balance of Trade events in United States, we could expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 48 hours following the event release at 07 Jun 12:30 if the released value is > $-89.5B. A price movement of 16 pips could result.
Historical events that allowed us to draw this conclusion
08 Feb 13:30 |
02 Sep 12:30 |
02 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
