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We expect NZDUSD to trend upwards today.

Based on the last 12 Balance of Trade events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 09 Aug 08:30 if the released value is > £-2.9B. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

10 Jul 08:30
09 Nov 09:30
10 Sep 08:30
10 Aug 08:30

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

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We expect a 56 pip movement on GBPUSD for the next 12 hours.

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We expect USDCHF to trend upwards today with a 80% chance.

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