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Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 72.73% chance of this. This may happen if the released value is > €15.9B
Historical events that allowed us to draw this conclusion
08 May 16:00 |
09 Apr 16:00 |
09 Mar 18:00 |
10 Oct 17:00 |
09 Sep 16:00 |
09 Aug 16:00 |
08 Jul 16:00 |
07 Jun 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).