Based on the last 12 Balance of Trade events in Germany, we expect NE to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect NE to trend downwards for the next 12 hours because the released value is < €16.8B. A price movement of 0 pips is expected. 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 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).