Based on past Germany Balance of Trade news events there is a 75% chance of S trending downwards. We expect this to happen because the released value is < €18B. A price movement of 687 pips is expected. Historical events that allowed us to draw this conclusion
02 Dec 07:00 |
05 Oct 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
