Based on the last 12 Balance of Trade events in Australia, we expect SI to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect SI to trend downwards 4 hours following the event release at 03 Mar 00:30 if the released value is > A$9.05B. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
02 Dec 00:30 |
04 Nov 00:30 |
05 Oct 00:30 |
02 Sep 01:30 |
03 Jun 01:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
