Be very careful of upcoming volatility because of Germany Balance of Trade news event later today. Based on the last 12 Balance of Trade events in Germany, we expect a $660 movement on EURUSD within 48 hours following the event release at 08 Jul 06:00. We expect this to happen if the released value is < €15.9B. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion
08 Feb 07:00 |
08 Nov 07:00 |
07 Sep 06:00 |
09 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
