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Based on the last 12 Balance of Trade events in Germany, we expect a $290 movement on EURUSD within the next 4 hours. We expect EURUSD to trend upwards for 4 hours because the released value is < € 10.8B Historical events that allowed us to draw this conclusion
07 Jan 18:00 |
08 Oct 17:00 |
09 Sep 16:00 |
09 Aug 16:00 |
08 Jul 16:00 |
09 Feb 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).