Based on the last 12 Balance of Trade events in Germany, we expect a $460 movement on EURUSD within 2 hours following the event release at 08 Oct 17:00. We expect EURUSD to trend downwards 2 hours following the event release at 08 Oct 17:00 if the released value is > €17.4B

Historical events that allowed us to draw this conclusion

07 Aug 16:00	08 May 16:00
07 Feb 18:00	08 Nov 18:00

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