We expect a $300 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend upwards 12 hours following the Balance of Trade events in Canada release because the released value is < C$ -0.8B. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion
04 Sep 12:30 |
03 Jul 12:30 |
02 May 12:30 |
07 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
