Trade with an edge around todays United Kingdom Balance of Trade news event

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 71.43% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 2022-10-12 17:00 if the released value is > £-8.4B. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

12 Sep 16:00
11 Apr 16:00
11 Feb 18:00
10 Dec 18:00
11 Nov 18:00

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