Based on the last 12 Balance of Trade events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 09 Aug 08:30 if the released value is > £-2.9B. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
10 Jul 08:30 |
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”).
