Based on the last 12 Balance of Trade events in Germany, we could see a $310 movement on GBPUSD within the next 12 hours. We may see GBPUSD trend upwards for 12 hours because the released value is < €22.6B Historical events that allowed us to draw this conclusion
08 Apr 06:00 |
04 Sep 06:00 |
04 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
