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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 75% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 07 May 16:00 if the released value is < €17.6B. A price movement of 61 pips is expected. Historical events that allowed us to draw this conclusion
09 Feb 18:00 |
08 Jan 18:00 |
09 Dec 18:00 |
08 Sep 16:00 |
09 Jul 16:00 |
09 Jun 16:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).