Based on the last 12 Balance of Trade events in Germany, we expect a $170 movement on EURUSD within 2 hours following the event release at 2023-06-05 06:00. We expect EURUSD to trend upwards 2 hours following the event release at 2023-06-05 06:00 if the released value is > €16B
Historical events that allowed us to draw this conclusion
03 Mar 07:00 |
05 Jan 07:00 |
02 Nov 07:00 |
03 Aug 06:00 |
04 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
