We expect EURUSD to trend upwards later today. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is < A$5.9B. A price movement of 195 pips is expected. Historical events that allowed us to draw this conclusion
03 Apr 00:30 |
07 Nov 00:30 |
04 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
