Based on the last 12 Balance of Trade events in Australia, we expect LB to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect LB to trend downwards for the next 48 hours because the released value is > A$6.8B. A price movement of 8,034 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
