Based on the last 12 Balance of Trade events in Australia, we expect NKD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NKD to trend upwards 48 hours following the event release at 07 Apr 01:30 if the released value is > A$3.8B. A price movement of 27,750 pips is expected.
Historical events that allowed us to draw this conclusion
09 Jan 00:30 |
07 Nov 00:30 |
06 Aug 01:30 |
03 Jul 01:30 |
03 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
