Based on the last 12 Balance of Trade events in Germany, we expect NKD to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect NKD to trend upwards 48 hours following the event release at 2024-01-08 07:00 if the released value is > €17.9B. A price movement of 46750 pips is expected.
Historical events that allowed us to draw this conclusion
04 Dec 07:00 |
05 Oct 06:00 |
03 Aug 06:00 |
04 May 06:00 |
03 Mar 07:00 |
02 Feb 07:00 |
05 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
