Based on the last 12 Balance of Trade events in Australia, we expect a $20.46 movement on DX within the next 4 hours. We expect DX to trend upwards for 4 hours because the released value is > A$7.5B
Historical events that allowed us to draw this conclusion
07 May 01:30 |
05 Mar 00:30 |
09 Jan 00:30 |
07 Nov 00:30 |
06 Aug 01:30 |
03 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
