Based on the last 12 Balance of Trade events in United States, we expect a 6,509 pip movement on EMD within 12 hours following the event release at 02 Apr 12:30 UTC. We expect EMD to trend downwards 12 hours following the event release at 02 Apr 12:30 UTC if the released value is > $-40B
Historical events that allowed us to draw this conclusion
06 Mar 13:30 |
07 Jan 13:30 |
05 Dec 13:30 |
17 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
