Based on the last 12 Retail Sales MoM events in Australia, we expect a 0 pip movement on 6M within 12 hours following the event release at 04 Nov 00:30 UTC. We expect 6M to trend downwards 12 hours following the event release at 04 Nov 00:30 UTC if the released value is > -1.5%
Historical events that allowed us to draw this conclusion
02 Oct 01:30 |
04 Aug 01:30 |
04 Jun 01:30 |
06 May 01:30 |
03 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
