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We expect YM to trend downwards right now.

Based on the last 12 Balance of Trade events in Germany, we expect YM to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect YM to trend downwards for the next 2 hours because the released value is > €19.9B. A price movement of 9,400 pips is expected.

Historical events that allowed us to draw this conclusion

07 Aug 06:00
08 May 06:00
07 Feb 07:00
09 Dec 07:00

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

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