Based on past Germany Balance of Trade news events there is a 71.43% chance of ES trending downwards. We expect this to happen because the released value is < €17.4B. A price movement of 4,612 pips is expected. Historical events that allowed us to draw this conclusion
09 Feb 07:00 |
08 Jan 07:00 |
09 Dec 07:00 |
08 Oct 06:00 |
08 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
