Based on the last 12 Balance of Trade events in United Kingdom, we expect a $1,560 movement on GBPUSD within 12 hours following the event release at 11 Sep 16:00. We expect GBPUSD to trend upwards 12 hours following the event release at 11 Sep 16:00 if the released value is > £1.2B
Historical events that allowed us to draw this conclusion
14 Jul 16:00 |
11 Feb 20:30 |
13 Jan 20:30 |
10 Oct 19:30 |
09 Sep 18:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).