Based on the last 12 Balance of Trade events in Australia, we expect a 487 pip movement on C within 12 hours following the event release at 03 Jun 01:30 UTC. We expect C to trend upwards 12 hours following the event release at 03 Jun 01:30 UTC if the released value is > A$7.9B
Historical events that allowed us to draw this conclusion
04 Mar 00:30 |
04 Feb 00:30 |
03 Dec 00:30 |
05 Nov 00:30 |
04 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
