Based on the last 12 Balance of Trade events in United Kingdom, we expect ZN to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ZN to trend upwards 48 hours following the event release at 12 Aug 06:00 if the released value is < £2.8B. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
13 May 06:00 |
09 Apr 06:00 |
10 Dec 09:30 |
11 Nov 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
