Based on past Japan Balance of Trade news events there is a 71.43% chance of AUDUSD trending downwards. We expect this to happen because the released value is > ¥-425B. A price movement of 34 pips is expected.
Historical events that allowed us to draw this conclusion
17 May 23:50 |
19 Apr 23:50 |
15 Feb 23:50 |
18 Jan 23:50 |
19 Oct 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
