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We expect ZB to trend downwards today with a 72.73% chance.

Based on the last 12 Balance of Trade events in Germany, we expect ZB to trend downwards later today. Based on these past events there is a 72.73% chance of this. This may happen if the released value is > €17.5B

Historical events that allowed us to draw this conclusion

08 Nov 07:00
10 Oct 06:00
09 Sep 06:00
08 Jul 06:00
07 Jun 06:00
08 Apr 06:00
09 Jan 07:00
10 Dec 07:00

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

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