We expect NKD to trend upwards later today. Based on these past United Kingdom Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < £-3.4B. A price movement of 115,000 pips is expected. Historical events that allowed us to draw this conclusion
13 Oct 06:00 |
10 Sep 06:00 |
12 Feb 07:00 |
15 Jan 07:00 |
10 Dec 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
