Based on the last 12 Balance of Trade events in Germany, we expect a 30,500 pip movement on NIY for the next 12 hours. We expect NIY to trend downwards for 12 hours because the released value is < €21.1B Historical events that allowed us to draw this conclusion
08 Jul 06:00 |
09 Feb 07:00 |
08 Jan 07:00 |
09 Dec 07:00 |
08 Oct 06:00 |
08 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
