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Trade Balance seems like a big mover, but the moves are not consistent. I would advice to trade lightly on this one. Likewise, I wont recommend Straddle for this one as well.
Based on Historic Charts, it mostly retraces back to pre release price then continue onwards again. But last month, it made a full reversal. Was it because last december, traders were waiting for FOMC instead? Fortunately, I was away and wasnt able to trade US Trade Balance last December or I'd get burned.
Expectation is a US$59.5. Remember, this is for Novembers' data. Does this include OIL purchases?
Trade Balance seems like a big mover, but the moves are not consistent. I would advice to trade lightly on this one. Likewise, I wont recommend Straddle for this one as well.
Based on Historic Charts, it mostly retraces back to pre release price then continue onwards again. But last month, it made a full reversal. Was it because last december, traders were waiting for FOMC instead? Fortunately, I was away and wasnt able to trade US Trade Balance last December or I'd get burned.
Expectation is a US$59.5. Remember, this is for Novembers' data. Does this include OIL purchases?