Based on past Australia Balance of Trade news events there is a 83.33% chance of GC trending upwards. We expect this to happen if the released value is > A$ 4.4B. A price movement of 1,475 pips is expected.
Historical events that allowed us to draw this conclusion
03 Dec 00:30 |
05 Nov 00:30 |
04 Jun 01:30 |
07 May 01:30 |
05 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
