We expect ZT to trend downwards for the next 2 hours. Based on these past Germany Balance of Trade news events there is a 87.5% chance of this. We expect this to happen because the released value is > €12.9B. A price movement of 3 pips is expected.
Historical events that allowed us to draw this conclusion
09 Aug 06:00 |
08 Jul 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
09 Jan 07:00 |
10 Dec 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
