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We expect 6M to trend upwards today.

Based on the last 12 Balance of Trade events in Germany, we expect 6M to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect 6M to trend upwards 12 hours following the event release at 10 Oct 06:00 if the released value is > €14.1B. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

09 Aug 06:00
08 Jul 06:00
07 Jun 06:00
10 May 06:00
08 Apr 06:00
11 Mar 07:00
09 Jan 07:00

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

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We expect USDCAD to trend downwards today with a 66.67% chance.

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We expect USDCAD to trend downwards with a 77.78% chance.

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