Based on the last 12 Balance of Trade events in Germany, we expect a 45,250 pip movement on NKD for the next 48 hours. We expect NKD to trend upwards for 48 hours because the released value is > € 1.4B
Historical events that allowed us to draw this conclusion
08 May 06:00 |
09 Apr 06:00 |
09 Mar 07:00 |
07 Feb 07:00 |
08 Nov 07:00 |
10 Oct 06:00 |
09 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
