Based on the last 12 Balance of Trade events in Germany, we expect a 7,100 pip movement on PL for the next 12 hours. We expect PL to trend downwards for 12 hours because the released value is < €16.2B Historical events that allowed us to draw this conclusion
08 Jan 07:00 |
09 Dec 07:00 |
08 Oct 06:00 |
08 Sep 06:00 |
09 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
