Based on past Germany Balance of Trade news events there is a 80% chance of RU trending downwards. We expect this to happen if the released value is > € 14B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
09 Dec 07:00 |
08 Nov 07:00 |
10 Oct 06:00 |
07 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
