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There is a 71.43% chance of KC trending upwards

Based on past Australia Balance of Trade news events there is a 71.43% chance of KC trending upwards. We expect this to happen because the released value is > A$4.15B. A price movement of 452 pips is expected.

Historical events that allowed us to draw this conclusion

07 Nov 00:30
06 Aug 01:30
03 Jul 01:30
07 May 01:30
03 Apr 00:30
07 Mar 00:30
05 Feb 00:30

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

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