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We expect 6S to trend upwards today.

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”).

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