We expect ES to trend upwards for the next 4 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is < €7.3B. A price movement of 1537 pips is expected. Historical events that allowed us to draw this conclusion
02 Sep 06:00 |
04 Jul 06:00 |
09 Feb 07:00 |
07 Jan 07:00 |
09 Nov 07:00 |
08 Oct 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
