Based on the last 12 Balance of Trade events in AU, we expect a 9 pip movement on GBPUSD for the next 2 hours.
We expect GBPUSD to trend up for 2 hours because the released value is > A$4.3B
Historical events that allowed us to draw this conclusion
03 Apr 00:30 |
07 Mar 00:30 |
05 Feb 00:30 |
01 Nov 00:30 |
04 Oct 01:30 |
03 May 01:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
