Based on the last 12 Balance of Trade events in United States, we expect a $870 movement on GBPUSD within 4 hours following the event release at 2022-12-06 13:30. We expect GBPUSD to trend upwards 4 hours following the event release at 2022-12-06 13:30 if the released value is > $-80B
Historical events that allowed us to draw this conclusion
04 Aug 12:30 |
07 Jun 12:30 |
08 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
