We expect USDCHF to trend upwards for the next 2 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > €7.3B. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

03 Aug 16:00

04 May 16:00

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