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We expect YM to trend upwards for the next 48 hours.

Based on the last 12 Balance of Trade events in Germany, we could see YM trend upwards right now. Based on historical events there is a 85.71% chance of this. This may happen because the released value is < €17.3B Historical events that allowed us to draw this conclusion

06 Jun 06:00
07 Apr 06:00
13 Dec 07:00
07 Nov 07:00
06 Sep 06:00
07 Aug 06:00

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

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We expect NZDUSD to trend upwards today with a 71.43% chance.

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