Based on the last 12 Balance of Trade events in Germany, we expect RU to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect RU to trend upwards 48 hours following the event release at 09 Aug 06:00 if 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 Apr 06:00 |
09 Feb 07:00 |
08 Jan 07:00 |
08 Oct 06:00 |
08 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
