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We expect BZ to trend upwards today with a 71.43% chance.

Based on the last 12 GDP Growth Rate QoQ Flash events in Germany, we expect BZ to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect BZ to trend upwards 4 hours following the event release at 14 Nov 07:00 if the released value is < -0.1%. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion

14 Feb 07:00
14 Nov 07:00
15 May 06:00
12 May 06:00
14 Feb 07:00
15 Nov 07:00

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

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