Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 09 Nov 07:00 if the released value is > €19.9B. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

07 Aug 06:00

08 May 06:00

07 Feb 07:00

09 Dec 07:00

08 Nov 07:00