Based on past Australia Balance of Trade news events there is a 75% chance of CC trending upwards. We expect this to happen if the released value is < A$10.1B. A price movement of 14350 pips is expected. Historical events that allowed us to draw this conclusion
07 Apr 01:30 |
03 Feb 00:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
