We expect NQ to trend upwards later today. Based on these past United States Balance of Trade news events there is a 70% chance of this. We expect this to happen if the released value is < $-70.5B. A price movement of 15,100 pips is expected. Historical events that allowed us to draw this conclusion
07 Jan 13:30 |
04 Nov 13:30 |
06 Oct 12:30 |
05 Aug 12:30 |
02 Jul 12:30 |
04 Jun 12:30 |
05 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
