Based on the last 12 Balance of Trade events in United States, we expect a 71 pip movement on GBPUSD within 48 hours following the event release at 02 Aug 12:30 UTC. We expect GBPUSD to trend downwards 48 hours following the event release at 02 Aug 12:30 UTC if the released value is < $-54.6B Historical events that allowed us to draw this conclusion
03 Jul 12:30 |
06 Jun 12:30 |
06 Mar 13:30 |
06 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
