Based on the last 12 Balance of Trade events in Germany, we expect a $1,699.328 movement on USDCHF within the next 48 hours. We expect USDCHF to trend upwards for 48 hours because the released value is > €12.4B

Historical events that allowed us to draw this conclusion

09 Nov 18:00	07 Aug 16:00
08 May 16:00	09 Mar 18:00

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