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We expect NKD to trend downwards for the next 12 hours.

We expect NKD to trend downwards for the next 12 hours. Based on these past Australia Balance of Trade news events there is a 80% chance of this. We expect this to happen because the released value is < A$5B. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion

05 Jun 01:30
03 Apr 00:30
06 Feb 00:30
07 Nov 00:30

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

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We expect USDJPY to trend downwards for the next 2 hours.

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