Based on the last 12 Balance of Trade events in Australia, we expect CRD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect CRD to trend downwards 48 hours following the event release at 2024-11-07 00:30 if the released value is < A$5.300B. A price movement of 162 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 01:30 |
02 May 01:30 |
05 Apr 00:30 |
07 Mar 00:30 |
02 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
