Based on the last 12 Balance of Trade events in Australia, we expect a $31.743 movement on BO within the next 48 hours. We expect BO to trend upwards for 48 hours because the released value is > A$5.8B
Historical events that allowed us to draw this conclusion
05 Nov 00:30 |
04 Jun 01:30 |
07 May 01:30 |
07 Apr 01:30 |
05 Mar 00:30 |
09 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
