Based on the last 12 Balance of Trade events in Germany, we may expect ES to trend upwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is > €19.1B. A price movement of 26 pips may be experienced.
Historical events that allowed us to draw this conclusion
07 Feb 07:00 |
09 Jan 07:00 |
08 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
