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Be very careful of upcoming volatility. We expect a $19,815.84 movement on LB.

Be very careful of upcoming volatility because of Australia Balance of Trade news event later today. Based on the last 12 Balance of Trade events in Australia, we expect a $19,815.84 movement on LB within 48 hours following the event release at 07 Nov 00:30. We expect this to happen if the released value is > A$5B. A price movement of 5,004 pips is expected.

Historical events that allowed us to draw this conclusion

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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