Based on the last 12 Balance of Trade events in Australia, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 2022-07-07 01:30 if the released value is > A$10.725B. A price movement of 256 pips is expected.
Historical events that allowed us to draw this conclusion
05 May 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
04 Nov 00:30 |
05 Oct 00:30 |
05 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
