Germany Balance of Trade News Event – a possible $260 movement on GBPUSD

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Germany, we expect a $260 movement on GBPUSD within 12 hours following the event release at 08 Apr 07:00. We expect GBPUSD to trend downwards 12 hours following the event release at 08 Apr 07:00 if the released value is < €16.5B

Historical events that allowed us to draw this conclusion

08 Feb 07:00

08 Nov 07:00

07 Sep 07:00

07 Aug 07:00

09 Jul 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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