Based on the last 12 Balance of Trade events in Germany, we expect 6M to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect 6M to trend upwards 12 hours following the event release at 10 Oct 06:00 if the released value is > €14.1B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
09 Aug 06:00 |
08 Jul 06:00 |
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
