We expect PA to trend upwards for the next 12 hours. Based on these past Germany Balance of Trade news events there is a 81.82% chance of this. We expect this to happen because the released value is > €18.2B. A price movement of 4,275 pips is expected.
Historical events that allowed us to draw this conclusion
09 Mar 07:00 |
07 Feb 07:00 |
09 Dec 07:00 |
10 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
