Based on the last 12 Balance of Trade events in Australia, we expect a $200 movement on GBPUSD within 2 hours following the event release at 2023-02-07 00:30. We expect GBPUSD to trend downwards 2 hours following the event release at 2023-02-07 00:30 if the released value is < A$12.5B Historical events that allowed us to draw this conclusion
06 Oct 00:30 |
08 Sep 01:30 |
03 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
