Based on the last 12 Balance of Trade events in Australia, we expect CL to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect CL to trend upwards 48 hours following the event release at 2022-09-08 01:30 if the released value is < A$14.5B. A price movement of 436 pips is expected. Historical events that allowed us to draw this conclusion
03 Feb 00:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
