Based on the last 12 Balance of Trade events in Australia, we may expect NIY to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is > A$5.500B. A price movement of 4137 pips may be experienced.
Historical events that allowed us to draw this conclusion
09 Jan 00:30 |
05 Dec 00:30 |
05 Sep 01:30 |
01 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
