Based on the last 12 Balance of Trade events in Germany, we expect ES to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > €4.5B
Historical events that allowed us to draw this conclusion
02 Nov 07:00 |
04 May 06:00 |
04 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
