Based on the last 12 Balance of Trade events in Germany, we expect a 56 pip movement on GBPUSD for the next 12 hours. We expect GBPUSD to trend upwards for 12 hours because the released value is > €16.6B
Historical events that allowed us to draw this conclusion
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
