 |
We expect NZDUSD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 72.73% chance of this. We expect this to happen if the released value is > €13.4B. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
07 Feb 18:00 |
09 Dec 18:00 |
08 Nov 18:00 |
10 Oct 17:00 |
09 Aug 16:00 |
08 Jul 16:00 |
07 Jun 16:00 |
10 May 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).