Based on the last 12 Balance of Trade events in Germany, we could see a 479 pip movement on BO for the next 48 hours. BO could trend upwards for 48 hours because the released value is > €17B
Historical events that allowed us to draw this conclusion
09 Jan 07:00 |
09 Oct 06:00 |
06 Mar 07:00 |
05 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
