Based on the last 12 Balance of Trade events in Germany, we expect a 1,539 pip movement on GC within 2 hours following the event release at 08 May 06:00 UTC. We expect GC to trend upwards 2 hours following the event release at 08 May 06:00 UTC if the released value is > €17B
Historical events that allowed us to draw this conclusion
09 Apr 06:00 |
09 Mar 07:00 |
07 Feb 07:00 |
09 Dec 07:00 |
08 Nov 07:00 |
10 Oct 06:00 |
08 Jul 06:00 |
07 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
