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There is a 71.43% chance of ES trending downwards

Based on past Germany Balance of Trade news events there is a 71.43% chance of ES trending downwards. We expect this to happen because the released value is < €17.4B. A price movement of 4,612 pips is expected. Historical events that allowed us to draw this conclusion

09 Feb 07:00
08 Jan 07:00
09 Dec 07:00
08 Oct 06:00
08 Sep 06:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a $0.23 movement on HO within 48 hours following the event release at 08 Jul 06:00.

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UK100 is approaching the support line of a Support. It has touched this line numerous times in the last 6 days.

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