Based on past Australia Balance of Trade news events there is a 75% chance of GC trending upwards. We expect this to happen because the released value is > A$5.40B. A price movement of 405 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jan 00:30 |
05 Oct 00:30 |
06 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
