We expect NQ to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is < A$12.5B. A price movement of 13762 pips is expected. Historical events that allowed us to draw this conclusion
06 Oct 00:30 |
08 Sep 01:30 |
07 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
