Based on the last 12 Balance of Trade events in United Kingdom, we expect a $90 movement on NZDUSD within 4 hours following the event release at 10 Jul 08:30. We expect NZDUSD to trend upwards 4 hours following the event release at 10 Jul 08:30 if the released value is > £-2.6B
Historical events that allowed us to draw this conclusion
09 Nov 09:30 |
10 Sep 08:30 |
10 Aug 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
