Based on the last 12 Balance of Trade events in Australia, we expect NKD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NKD to trend downwards 12 hours following the event release at 2023-02-07 00:30 if the released value is < A$12.5B. A price movement of 19750 pips is expected. Historical events that allowed us to draw this conclusion
06 Oct 00:30 |
08 Sep 01:30 |
03 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
