Based on the last 12 Balance of Trade events in United Kingdom, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 12 Feb 07:00 if the released value is < £-4.2B. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion
10 Dec 07:00 |
11 Sep 06:00 |
13 May 06:00 |
09 Apr 06:00 |