Based on the last 12 Balance of Trade events in United States, we expect 6A to trend downwards later today. Based on these past events there is a 80% chance of this. We expect 6A to trend downwards 48 hours following the event release at 02 Apr 12:30 if the released value is > $-40B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
06 Mar 13:30 |
07 Jan 13:30 |
09 May 12:30 |
17 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
