Based on past Australia Balance of Trade news events there is a 77.78% chance of S trending upwards. We expect this to happen because the released value is > A$14.5B. A price movement of 4050 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 01:30 |
07 Jul 01:30 |
02 Jun 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
05 Oct 00:30 |
02 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
