Based on past Germany Balance of Trade news events there is a 71.43% chance of GBPUSD trending downwards. We expect this to happen because the released value is < €21B. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
13 Dec 07:00 |
07 Nov 07:00 |
07 Aug 06:00 |
07 May 06:00 |
08 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
