Based on the last 12 Balance of Trade events in Australia, we expect ES to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ES to trend upwards 12 hours following the event release at 06 Feb 00:30 if the released value is < A$5.95B. A price movement of 1,212 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 00:30 |
05 Sep 01:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
