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We expect RU to trend upwards for the next 48 hours.

We expect RU to trend upwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is < €17.6B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

08 Oct 06:00
08 Sep 06:00
09 Jul 06:00
09 Jan 07:00

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

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Resistance line breached by UK100. This price has been tested at least twice before.

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We expect a 1,155 pip movement on GC within 4 hours following the event release.

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