Based on the last 12 Balance of Trade events in Germany, we could expect USDCHF to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards 4 hours following the event release at 03 Jun 06:00 if the released value is > €7.3B. A price movement of 14 pips could result.
Historical events that allowed us to draw this conclusion
04 May 06:00 |
04 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
