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We expect ZT to trend downwards for the next 2 hours.

We expect ZT to trend downwards for the next 2 hours. Based on these past Germany Balance of Trade news events there is a 87.5% chance of this. We expect this to happen because the released value is > €12.9B. A price movement of 3 pips is expected.

Historical events that allowed us to draw this conclusion

09 Aug 06:00
08 Jul 06:00
10 May 06:00
08 Apr 06:00
11 Mar 07:00
09 Jan 07:00
10 Dec 07:00

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

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There is a 87.5% chance of NZDUSD trending upwards

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