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”).
