Based on the last 12 Balance of Trade events in Australia, we expect a $0.012 movement on BP within the next 48 hours. We expect BP to trend downwards for 48 hours because the released value is > A$3.65B
Historical events that allowed us to draw this conclusion
09 Jan 00:30 |
07 Nov 00:30 |
03 Jul 01:30 |
07 May 01:30 |
03 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
