What to trade around United States Balance of Trade news event

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in United States, we expect EURUSD to trend downwards right now. Based on these past events there is a 85.71% chance of this. We expect EURUSD to trend downwards for the next 48 hours because the released value is > $-57B. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

06 Feb 13:30

05 Oct 13:30

06 Jul 13:30

06 Jun 13:30

03 May 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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