Based on the last 12 Balance of Trade events in Germany, we expect a $430 movement on EURUSD within 4 hours following the event release at 08 Nov 07:00. We expect EURUSD to trend upwards 4 hours following the event release at 08 Nov 07:00 if the released value is > €17.2B
Historical events that allowed us to draw this conclusion
10 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
