We expect NE to trend downwards right now.

Based on the last 12 Balance of Trade events in Germany, we expect NE to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect NE to trend downwards for the next 12 hours because the released value is < €16.8B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

08 Jul 06:00

09 Feb 07:00

08 Jan 07:00

09 Dec 07:00

08 Sep 06:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).