Based on past Germany Balance of Trade news events there is a 71.43% chance of NZDUSD trending upwards. We expect this to happen because the released value is > €15B. A price movement of 110 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jun 06:00 |
04 May 06:00 |
05 Jan 07:00 |
02 Nov 07:00 |
03 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
