Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 07 Jan 07:00 if the released value is < €14.2B. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

09 Dec 07:00

09 Nov 07:00

08 Oct 06:00

09 Aug 06:00

08 Jul 06:00

08 Jan 07:00