Based on past Australia Balance of Trade news events there is a 66.67% chance of GF trending upwards. We expect this to happen if the released value is > A$7.5B. A price movement of 83 pips is expected.
Historical events that allowed us to draw this conclusion
05 Oct 00:30 |
03 Aug 01:30 |
06 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
