Based on the last 12 Balance of Trade events in Australia, we expect NG to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect NG to trend upwards 2 hours following the event release at 06 Oct 00:30 if the released value is > A$5.154B. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
09 Jan 00:30 |
07 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
