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We expect GBPUSD to trend upwards today with a 80% chance.

Based on the last 12 Balance of Trade events in Australia, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < A$12B Historical events that allowed us to draw this conclusion

11 Jan 00:30
01 Jul 01:30
04 May 01:30
01 Apr 00:30

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

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