We expect a $226 movement on UB within the next 12 hours. We expect UB to trend upwards 12 hours following the Balance of Trade events in Germany release because the released value is > €17.1B. A price movement of 181 pips is expected.
Historical events that allowed us to draw this conclusion
03 Nov 07:00 |
05 Jun 06:00 |
03 Mar 07:00 |
02 Feb 07:00 |
05 Jan 07:00 |
02 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
