Based on the last 12 Balance of Trade events in Australia, we expect a $0 movement on 6J within 2 hours following the event release at 05 Mar 00:30. We expect 6J to trend downwards 2 hours following the event release at 05 Mar 00:30 if the released value is > A$4.8B
Historical events that allowed us to draw this conclusion
09 Jan 00:30 |
03 Jul 01:30 |
07 May 01:30 |
03 Apr 00:30 |
07 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
