We expect SI to trend upwards later today. Based on these past United Kingdom Balance of Trade news events there is a 83.33% chance of this. We expect this to happen if the released value is < £-2.7B. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion
13 Oct 06:00 |
12 Aug 06:00 |
13 Apr 06:00 |
12 Feb 07:00 |
15 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
