We expect KW to trend downwards for the next 2 hours. Based on these past Germany Balance of Trade news events there is a 71.43% chance of this. We expect this to happen because the released value is > €20.3B. A price movement of 312 pips is expected.
Historical events that allowed us to draw this conclusion
06 Mar 07:00 |
05 Feb 07:00 |
08 Jan 07:00 |
03 Nov 07:00 |
05 Oct 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
