Based on the last 12 Balance of Trade events in US, we expect a $130 movement on EURUSD within 4 hours following the event release at 02 Nov 12:30.
We expect EURUSD to trend up 4 hours following the event release at 02 Nov 12:30 if the released value is > $-53.6B
Historical events that allowed us to draw this conclusion
05 Oct 12:30 |
05 Sep 12:30 |
03 Aug 12:30 |
06 Jul 12:30 |
06 Jun 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
