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There is a 77.78% chance of NKD trending upwards

Based on the last 12 Balance of Trade events in Germany, we expect NKD to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect NKD to trend upwards 48 hours following the event release at 2024-01-08 07:00 if the released value is > €17.9B. A price movement of 46750 pips is expected.

Historical events that allowed us to draw this conclusion

04 Dec 07:00
05 Oct 06:00
03 Aug 06:00
04 May 06:00
03 Mar 07:00
02 Feb 07:00
05 Jan 07:00

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

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