Based on the last 12 Balance of Trade events in Germany, we expect a $0.23 movement on HO within 48 hours following the event release at 08 Jul 06:00. We expect HO to trend upwards 48 hours following the event release at 08 Jul 06:00 if the released value is > €17.4B
Historical events that allowed us to draw this conclusion
09 Jun 06:00 |
07 May 06:00 |
09 Mar 07:00 |
09 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
