Based on the last 12 Balance of Trade events in AU, we expect a $100 movement on GBPUSD within 2 hours following the event release at 07 May 01:30.
We expect GBPUSD to trend down 2 hours following the event release at 07 May 01:30 if the released value is < A$3.1B
Historical events that allowed us to draw this conclusion
08 Jan 00:30 |
04 Jul 01:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
