Based on past Germany Balance of Trade news events there is a 70% chance of NZDUSD trending downwards. We expect this to happen if the released value is > € 14B. A price movement of 46 pips is expected.
Historical events that allowed us to draw this conclusion
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”).