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We expect GC to trend downwards today with a 70% chance.

Based on the last 12 Balance of Trade events in Germany, we expect GC to trend downwards later today. Based on these past events there is a 70% chance of this. We expect GC to trend downwards 4 hours following the event release at 2024-02-05 07:00 if the released value is > €18.8B. A price movement of 909 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 07:00
04 Dec 07:00
05 Oct 06:00
05 Jun 06:00
04 May 06:00
02 Feb 07:00
05 Jan 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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After testing 0.0016 numerous times, LTCBTC is once again approaching this price point. Can we expect a bearish trend to follow?

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We expect GBPUSD to trend upwards for the next 12 hours.

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