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There is a 66.67% chance of GF trending upwards

Based on past Australia Balance of Trade news events there is a 66.67% chance of GF trending upwards. We expect this to happen if the released value is > A$7.5B. A price movement of 83 pips is expected.

Historical events that allowed us to draw this conclusion

05 Oct 00:30
03 Aug 01:30
06 Apr 01:30

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

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