Based on the last 12 Balance of Trade events in Germany, we expect USDCHF to trend downwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is < €14.4B Historical events that allowed us to draw this conclusion

09 Sep 16:00	08 Jul 16:00
09 Apr 16:00	09 Feb 18:00
09 Dec 18:00	08 Oct 17:00

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