GC may trend upwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 70% chance of this. Our expectation is based on that fact that the released value is < €1.2B. A price movement of 8,050 pips could be expected. Historical events that allowed us to draw this conclusion
04 Mar 07:00 |
07 Jan 07:00 |
09 Dec 07:00 |
09 Nov 07:00 |
08 Oct 06:00 |
09 Sep 06:00 |
08 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
