Based on the last 12 Balance of Trade events in United States, we could expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 04 May 12:30 if the released value is < $-107B. A price movement of 32 pips could result. Historical events that allowed us to draw this conclusion
05 Apr 12:30 |
06 Jan 13:30 |
04 Nov 12:30 |
05 Oct 12:30 |
05 Aug 12:30 |