We expect NKD to trend upwards later today. Based on these past Germany Balance of Trade news events there is a 85.71% chance of this. We expect this to happen if the released value is > €23.2B. A price movement of 60,750 pips is expected.
Historical events that allowed us to draw this conclusion
09 Nov 07:00 |
07 Aug 06:00 |
08 May 06:00 |
09 Apr 06:00 |
09 Mar 07:00 |
07 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
