Based on the last 12 Balance of Trade events in Germany, we expect HE to trend downwards later today. Based on these past events there is a 77.78% chance of this. We expect HE to trend downwards 48 hours following the event release at 07 Aug 06:00 if the released value is > € 1.4B. A price movement of 653 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
