We expect USDCHF to trend upwards for the next 2 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > €17.1B. A price movement of 34 pips is expected.
Historical events that allowed us to draw this conclusion
03 Nov 07:00 |
05 Oct 06:00 |
03 Aug 06:00 |
05 Jun 06:00 |
04 May 06:00 |
02 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
