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We expect 6A to trend downwards today with a 83.33% chance.

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”).

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