Based on the last 12 Balance of Trade events in Australia, we expect a $102,128.04 movement on EMD within the next 48 hours. We expect EMD to trend upwards for 48 hours because the released value is > A$5B
Historical events that allowed us to draw this conclusion
06 Aug 01:30 |
03 Jul 01:30 |
03 Apr 00:30 |
05 Feb 00:30 |
01 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
