We expect a 216 pip movement on DX within 48 hours following the event release.

Based on the last 12 Balance of Trade events in Australia, we expect a 216 pip movement on DX within 48 hours following the event release at 03 Sep 01:30 UTC. We expect DX to trend downwards 48 hours following the event release at 03 Sep 01:30 UTC if the released value is > A$5.4B

Historical events that allowed us to draw this conclusion

04 Jun 01:30

07 May 01:30

07 Apr 01:30

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