We expect GBPUSD to trend downwards for the next 2 hours. Based on these past Australia Balance of Trade news events there is a 87.5% chance of this. We expect this to happen because the released value is > A$10.725B. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
02 Jun 01:30 |
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”).
