Based on past Germany Balance of Trade news events there is a 72.73% chance of DX trending downwards. We expect this to happen because the released value is > €17.5B. A price movement of 101 pips is expected.
Historical events that allowed us to draw this conclusion
10 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
