Based on past Germany Balance of Trade news events there is a 80% chance of USDCHF trending upwards. We expect this to happen because the released value is < €17.5B. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
05 Oct 06:00 |
02 Sep 06:00 |
04 Jul 06:00 |
03 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
