We expect EURUSD to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is > A$8.85B. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 01:30 |
05 May 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
04 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
