Based on the last 12 Balance of Trade events in Australia, we expect 6S to trend upwards. Based on these past events there is a 66.67% chance of this. We expect 6S to trend upwards for 4 hours because the released value is > A$5.4B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
07 May 01:30 |
07 Apr 01:30 |
05 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
