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Based on the last 12 Balance of Trade events in United Kingdom, we expect a 53 pip movement on USDCHF within 12 hours following the event release at 11 Feb 18:00 GMT+11. We expect USDCHF to trend upwards 12 hours following the event release at 11 Feb 18:00 GMT+11 if the released value is > £ -3.1B
Historical events that allowed us to draw this conclusion
14 Jan 18:00 |
11 Nov 18:00 |
11 Jun 16:00 |
12 May 16:00 |
12 Mar 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).