Based on the last 12 Balance of Trade events in Australia, we expect a 322 pip movement on LE within 48 hours following the event release at 04 Aug 01:30 UTC. We expect LE to trend upwards 48 hours following the event release at 04 Aug 01:30 UTC if the released value is < A$8.8B Historical events that allowed us to draw this conclusion
02 Jul 01:30 |
06 Feb 00:30 |
05 Dec 00:30 |
03 Oct 01:30 |
05 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
