Based on the last 12 Balance of Trade events in Australia, we expect a 289 pip movement on UB within 48 hours following the event release at 2023-08-03 01:30. We expect UB to trend downwards 48 hours following the event release at 2023-08-03 01:30 if the released value is > A$11B
Historical events that allowed us to draw this conclusion
06 Jul 01:30 |
04 May 01:30 |
06 Apr 01:30 |
08 Dec 00:30 |
03 Nov 00:30 |
04 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
