Based on the last 12 Balance of Trade events in Germany, we expect 6S to trend downwards later today. Based on these past events there is a 75% chance of this. We expect 6S to trend downwards 2 hours following the event release at 08 Oct 06:00 if the released value is < €17.4B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
08 Sep 06:00 |
09 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
