Based on the last 12 Balance of Trade events in Australia, we expect a 0 pip movement on BP within 2 hours following the event release at 05 Nov 00:30 UTC. We expect BP to trend downwards 2 hours following the event release at 05 Nov 00:30 UTC if the released value is > A$2.1B
Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
05 Mar 00:30 |
09 Jan 00:30 |
07 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
