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We expect a $0.033 movement on 6S within the next 48 hours.

Based on the last 12 Balance of Trade events in Australia, we expect a $0.033 movement on 6S within the next 48 hours. We expect 6S to trend upwards for the next 48 hours because the released value is > A$2.1B

Historical events that allowed us to draw this conclusion

07 May 01:30
07 Apr 01:30
05 Mar 00:30
09 Jan 00:30

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

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We expect a 0 pip movement on BP within 2 hours following the event release.

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