Based on the last 12 Balance of Trade events in Australia, we expect a $310 movement on GBPUSD within 2 hours following the event release at 03 Oct 01:30. We expect GBPUSD to trend upwards 2 hours following the event release at 03 Oct 01:30 if the released value is > A$6B
Historical events that allowed us to draw this conclusion
06 Aug 01:30 |
07 May 01:30 |
03 Apr 00:30 |
07 Mar 00:30 |
05 Feb 00:30 |
01 Nov 00:30 |
04 Oct 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
