Based on the last 12 Balance of Trade events in Germany, we could expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 04 May 06:00 if the released value is > €9.5B. A price movement of 20 pips could result.
Historical events that allowed us to draw this conclusion
04 Apr 06:00 |
07 May 06:00 |