Based on the last 12 Balance of Trade events in Germany, we expect EURUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 2025-01-09 07:00 if the released value is > €14.8B. A price movement of 32 pips is expected.
Historical events that allowed us to draw this conclusion
09 Oct 06:00 |
08 Jul 06:00 |
05 Feb 07:00 |
08 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
