Balance of Trade

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Based on the last 12 Balance of Trade events in Germany, we expect EURUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 2023-03-03 07:00 if the released value is > €8.6B. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

05 Jan 07:00
02 Nov 07:00
03 Aug 06:00
04 May 06:00

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