We expect RU to trend upwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is < €17.6B. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
08 Oct 06:00 |
08 Sep 06:00 |
09 Jul 06:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
