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We expect NKD to trend upwards today with a 71.43% chance.

We expect NKD to trend upwards later today. Based on these past United Kingdom Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is < £-3.4B. A price movement of 115,000 pips is expected. Historical events that allowed us to draw this conclusion

13 Oct 06:00
10 Sep 06:00
12 Feb 07:00
15 Jan 07:00
10 Dec 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a 5,500 pip movement on CC within 12 hours following the event release.

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Important price line being approached by EUSTX50. This price has been tested numerous times before.

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