Based on the last 12 Balance of Trade events in Australia, we expect a 57 pip movement on ZB within 12 hours following the event release at 01 Apr 00:30 UTC. We expect ZB to trend upwards 12 hours following the event release at 01 Apr 00:30 UTC if the released value is > A$9.7B
Historical events that allowed us to draw this conclusion
04 Mar 00:30 |
04 Feb 00:30 |
03 Dec 00:30 |
05 Nov 00:30 |
07 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
