Based on the last 12 Balance of Trade events in Australia, we expect a 216 pip movement on DX within 48 hours following the event release at 03 Sep 01:30 UTC. We expect DX to trend downwards 48 hours following the event release at 03 Sep 01:30 UTC if the released value is > A$5.4B
Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
07 May 01:30 |
07 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
