Based on the last 12 Balance of Trade events in Germany, we expect 6S to trend upwards later today. Based on these past events there is a 75% chance of this. We expect 6S to trend upwards 48 hours following the event release at 08 Oct 06:00 if the released value is < €14.4B. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
09 Sep 06:00 |
08 Jul 06:00 |
09 Apr 06:00 |
09 Feb 07:00 |
09 Dec 07:00 |
08 Oct 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
