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We expect NQ to trend upwards today with a 70% chance.

We expect NQ to trend upwards later today. Based on these past United States Balance of Trade news events there is a 70% chance of this. We expect this to happen if the released value is < $-70.5B. A price movement of 15,100 pips is expected. Historical events that allowed us to draw this conclusion

07 Jan 13:30
04 Nov 13:30
06 Oct 12:30
05 Aug 12:30
02 Jul 12:30
04 Jun 12:30
05 May 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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