Based on the last 12 Balance of Trade events in Germany, we expect 6A to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect 6A to trend downwards 12 hours following the event release at 08 Jan 07:00 if the released value is < €17.6B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
09 Dec 07:00 |
08 Sep 06:00 |
09 Jul 06:00 |
09 Jun 06:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
