We expect KC to trend upwards later today. Based on these past United States Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is > $-50.1B. A price movement of 1,134 pips is expected.
Historical events that allowed us to draw this conclusion
02 Apr 12:30 |
05 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
