We expect a $135 movement on UB within 4 hours following the event release at 2023-03-03 07:00.

We expect a $135 movement on UB within 4 hours following the release of Balance of Trade at 2023-03-03 07:00. We expect UB to trend upwards 4 hours following the event release at 2023-03-03 07:00 if the released value is > €8.6B. A price movement of 101 pips is expected.

Historical events that allowed us to draw this conclusion

05 Jan 07:00

02 Nov 07:00

04 May 06:00

04 Apr 06:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).