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We expect NG to trend upwards today.

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”).

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