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Based on the last 12 Balance of Trade events in Germany, we expect a $540 movement on EURUSD within the next 48 hours. We expect EURUSD to trend upwards for the next 48 hours because the released value is > € 14B
Historical events that allowed us to draw this conclusion
09 Dec 18:00 |
10 Oct 17:00 |
09 Sep 16:00 |
07 Jun 16:00 |
10 May 16:00 |
08 Apr 16:00 |
11 Mar 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).