Based on past Australia Balance of Trade news events there is a 66.67% chance of RTY trending upwards. We expect this to happen if the released value is > A$5.154B. A price movement of 1,169 pips is expected.
Historical events that allowed us to draw this conclusion
07 May 01:30 |
09 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
