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We expect NG to trend downwards today with a 80% chance.

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”).

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We expect NE to trend downwards today with a 66.67% chance.

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There is a 72.73% chance of GC trending upwards

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