Based on the last 12 Balance of Trade events in United States, we expect GF to trend downwards later today. Based on these past events there is a 72.73% chance of this. We expect GF to trend downwards 2 hours following the event release at 04 May 12:30 if the released value is < $-74.5B. A price movement of 113 pips is expected. Historical events that allowed us to draw this conclusion
07 Apr 12:30 |
05 Mar 13:30 |
05 Feb 13:30 |
04 Nov 13:30 |
06 Oct 12:30 |
03 Sep 12:30 |
05 Aug 12:30 |
05 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
