United Kingdom Balance of Trade News Event – a $200 opportunity on NZDUSD

We expect a $200 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend upwards 2 hours following the Balance of Trade events in United Kingdom release because the released value is < £-2.8B. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion

10 Sep 16:00
12 Aug 16:00
13 Apr 16:00
10 Dec 18:00

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