Based on the last 12 Balance of Trade events in Germany, we expect RB to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect RB to trend upwards 48 hours following the event release at 07 Jan 07:00 if the released value is < €14.2B. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion
09 Dec 07:00 |
08 Oct 06:00 |
09 Sep 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
09 Apr 06:00 |
08 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
