We expect UB to trend downwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > €7.3B. A price movement of 529 pips is expected.
Historical events that allowed us to draw this conclusion
04 May 06:00 |
04 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
