Based on the last 12 Balance of Trade events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 2023-03-03 07:00 if the released value is > €8.6B. A price movement of 137 pips is expected.
Historical events that allowed us to draw this conclusion
02 Feb 07:00 |
05 Jan 07:00 |
03 Aug 06:00 |
04 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
