We expect NG to trend downwards later today. Based on these past Germany GDP Growth Rate QoQ Flash news events there is a 80% chance of this. We expect this to happen if the released value is = -2.2%. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
14 Aug 06:00 |
15 May 06:00 |
14 Feb 07:00 |
14 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
