Based on past Germany Balance of Trade news events there is a 75% chance of USDCHF trending downwards. We expect this to happen if the released value is > €17.8B. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
07 Feb 07:00 |
09 Oct 06:00 |
08 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
