We expect GBPUSD to trend upwards later today. Based on these past United States GDP Growth Rate QoQ Adv news events there is a 66.67% chance of this. We expect this to happen if the released value is < 0.4%. A price movement of 52 pips is expected. Historical events that allowed us to draw this conclusion
30 Oct 12:30 |
25 Apr 12:30 |
27 Apr 12:30 |
28 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
