Based on the last 12 Balance of Trade events in Germany, we expect a $210 movement on NZDUSD within 2 hours following the event release at 09 Dec 07:00. We expect NZDUSD to trend downwards 2 hours following the event release at 09 Dec 07:00 if the released value is > €23.2B
Historical events that allowed us to draw this conclusion
09 Nov 07:00 |
07 Aug 06:00 |
08 May 06:00 |
07 Feb 07:00 |
09 Dec 07:00 |