If the released value is > £-11.8B for the Balance of Trade event, we could see a $330 movement on EURUSD within 4 hours following the release at 13 Jun 16:00. This movement may form an upwards trend for 4 hours following the event release at 13 Jun 16:00.
Historical events that allowed us to draw this conclusion
11 Apr 16:00 |
11 Feb 18:00 |
10 Dec 18:00 |
11 Nov 18:00 |
09 Jul 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).