Based on the last 12 Balance of Trade events in Australia, we expect a $0 movement on 6E within the next 4 hours. We expect 6E to trend downwards for 4 hours because the released value is > A$12.2B
Historical events that allowed us to draw this conclusion
05 Oct 00:30 |
02 Sep 01:30 |
03 Jun 01:30 |
04 Mar 00:30 |
04 Feb 00:30 |
05 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
