Based on the last 12 Balance of Trade events in Australia, we could see a $110 movement on EURUSD within the next 4 hours. We may see EURUSD trend downwards for 4 hours because the released value is > A$4.55B
Historical events that allowed us to draw this conclusion
03 Oct 01:30 |
05 Sep 01:30 |
01 Aug 01:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
