Based on the last 12 Balance of Trade events in Germany, we expect a $60.96 movement on HE within 4 hours following the event release at 09 Jul 06:00. We expect HE to trend downwards 4 hours following the event release at 09 Jul 06:00 if the released value is > €21.1B
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
