Based on the last 12 Balance of Trade events in Germany, we expect GC to trend downwards later today. Based on these past events there is a 70% chance of this. We expect GC to trend downwards 4 hours following the event release at 2024-02-05 07:00 if the released value is > €18.8B. A price movement of 909 pips is expected.
Historical events that allowed us to draw this conclusion
08 Jan 07:00 |
04 Dec 07:00 |
05 Oct 06:00 |
05 Jun 06:00 |
04 May 06:00 |
02 Feb 07:00 |
05 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
