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We expect RU to trend upwards today with a 85.71% chance.

Based on the last 12 Balance of Trade events in Germany, we expect RU to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect RU to trend upwards 48 hours following the event release at 09 Aug 06:00 if the released value is < €16.8B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

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

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

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