Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is < €12.9B Historical events that allowed us to draw this conclusion
08 Feb 07:00 |
08 Nov 07:00 |
07 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
