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We expect a $110 movement on EURUSD within 2 hours following the release of Balance of Trade.

We expect EURUSD to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is > A$8.85B. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 01:30
05 May 01:30
03 Mar 00:30
02 Dec 00:30
04 Nov 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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