We expect a 49 pip movement on AUDUSD within 4 hours following the event release.

Based on the last 12 Balance of Trade events in Australia, we expect a 49 pip movement on AUDUSD within 4 hours following the event release at 07 Nov 00:30 UTC. We expect AUDUSD to trend upwards 4 hours following the event release at 07 Nov 00:30 UTC if the released value is > A$5B

Historical events that allowed us to draw this conclusion

03 Jul 01:30

07 May 01:30

03 Apr 00:30

07 Mar 00:30

05 Feb 00:30

01 Nov 00:30

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