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”).
