Based on the last 12 Balance of Trade events in Germany, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 2023-01-05 07:00 if the released value is > €4.5B. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
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”).
