Based on the last 12 Balance of Trade events in Germany, we could expect EURUSD to trend upwards later today. Based on these past events there is a 70% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 04 Jul 06:00 if the released value is < €1.2B. A price movement of 12 pips could result. Historical events that allowed us to draw this conclusion
03 Jun 06:00 |
09 Feb 07:00 |
07 Jan 07:00 |
09 Dec 07:00 |
09 Nov 07:00 |
09 Sep 06:00 |
08 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
