Based on the last 12 Balance of Trade events in Germany, we could see a $1750 movement on GBPUSD within the next 12 hours. We may see GBPUSD trend upwards for 12 hours because the released value is > €18.8B
Historical events that allowed us to draw this conclusion
08 Jan 07:00 |
03 Nov 07:00 |
05 Oct 06:00 |
03 Aug 06:00 |
05 Jun 06:00 |
04 May 06:00 |
03 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
