Based on the last 12 Balance of Trade events in Australia, we expect a $15.712 movement on CL within 4 hours following the event release at 03 Dec 00:30. We expect CL to trend downwards 4 hours following the event release at 03 Dec 00:30 if the released value is > A$5.8B
Historical events that allowed us to draw this conclusion
05 Nov 00:30 |
04 Jun 01:30 |
07 May 01:30 |
07 Apr 01:30 |
09 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
