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We expect a 181 pip movement on UB within 12 hours following the event release.

Based on the last 12 Balance of Trade events in Germany, we expect UB to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect UB to trend upwards 12 hours following the event release at 2023-06-05 06:00 if the released value is > €16B. A price movement of 181 pips is expected.

Historical events that allowed us to draw this conclusion

03 Mar 07:00
02 Feb 07:00
05 Jan 07:00
02 Nov 07:00
04 May 06:00

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

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Esperamos un movimiento en $14534300 del NIY dentro de 48 horas después de la publicación del evento a las 2023-06-05 06:00.

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GBP/USD has broken through a support line. It has touched this line numerous times in the last 5 days.

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