We expect DX to trend downwards for the next 4 hours. Based on these past United Kingdom Balance of Trade news events there is a 85.71% chance of this. We expect this to happen because the released value is > £-3.2B. A price movement of 27 pips is expected.
Historical events that allowed us to draw this conclusion
12 May 06:00 |
12 Nov 07:00 |
09 Oct 06:00 |
12 Aug 06:00 |
14 Jul 06:00 |
12 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
