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We expect 6S to trend upwards today with a 66.67% chance.

Based on the last 12 Balance of Trade events in Germany, we expect 6S to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect 6S to trend upwards 48 hours following the event release at 07 Jan 07:00 if the released value is < €14.2B. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion

09 Dec 07:00
08 Oct 06:00
09 Sep 06:00
08 Jul 06:00
09 Apr 06:00
09 Feb 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect AUDUSD to trend downwards today with a 66.67% chance.

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