Based on the last 12 Balance of Trade events in Germany, we expect USDCHF to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCHF to trend upwards 12 hours following the event release at 2024-11-07 07:00 if the released value is < €20.9B. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion
06 Sep 06:00 |
07 Aug 06:00 |
07 Jun 06:00 |
07 May 06:00 |
08 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
