Germany Balance of Trade News Event – a possible $168 movement on USDCHF

Based on past Germany Balance of Trade news events there is a 70% chance of USDCHF trending downwards. We expect this to happen because the released value is < € -13.6B. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

04 Jul 06:00
03 Jun 06:00
04 Mar 07:00
09 Feb 07:00
07 Jan 07:00
09 Nov 07:00
09 Sep 06:00